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Home office deduction questions - sandyy
Posted: Jan 27, 2015
Using H&H this year, not using the new simplified deduction. I understand the square footage, utilitities, all that and have done that part. My office is a dedicated room, no problem there. What I don't understand is where to deduct my supplies, internet, etc. I want to count ink cartridges, paper, internet, Shorthand, stuff like that but not sure where to do that. I already paid for this tax software (it was a deal through Amazon) but maybe I should use another one. Would appreciate any suggestions. Thanks
Are you an IC or employee - stillMTing
[ In Reply To ..]If you're an IC, it's Schedule C profit and loss from a business.
I'm an employee - sandyy
[ In Reply To ..]Meant to say H&R, not H&H
Your expenses won't even beat the standard deduction and - IMO
[ In Reply To ..]and what employee has to use ink and paper to print reports? If you're talking about printing training material, that's a very iffy "expense" because that material can be read on your computer just as easily, therefore no printing needed.
Just use the standard deduction, you'll come out much better. Your home office also needs to be in a dedicated room BY ITSELF that is never used for anything but work. Meaning not for storage (closet), not for a guest room, hobby room, TV room...ever.
Schedule C...SM - Old Anon
[ In Reply To ..]Profit or Loss From Business, items #8 through #27.
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