2025 Business Use Of Home . Best Wishes For 2025 Gilda Julissa For example, if 60% of a phone line is used for business, 60% of the phone bill can be deducted. Revenue Procedure 2013-13 PDF allows qualifying taxpayers to use a prescribed rate of $5 per square foot of the portion of the home used for business (up to a maximum of 300 square feet) to compute the business use of home deduction
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Simplified method for business use of home deduction Maintaining a calendar, diary, or similar record of work hours helps demonstrate regular use
Real Estate AgentsCan You Deduct Your Home Office? Home office expenses, Real estate agent Calculating the deduction for the business use of your home involves selecting a method that aligns with your financial situation and record-keeping capabilities For example, if 60% of a phone line is used for business, 60% of the phone bill can be deducted. Under this safe harbor method, depreciation is treated as zero and the taxpayer claims the deduction directly on.
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