Home Office as Primary Office

Home Office as Primary Office

Jul 29, 2019 Tax by Kevin Noles
Even if you have an office located away from your home, you can still claim your home office.  

Is this legal?
– Yes it is! 

IRS Publication 17 “If you have an office in your home that qualifies as a principal place of business, you can deduct your daily transportation costs between your home and another work location in the same trade or business.” 

If you are using a vehicle that costs $40,000 to go to your away from home office, while using it 50 percent of the time for business, you are depreciating that vehicle $20,000!  This could also be beneficial if you have multiple vehicles that you travel to your away from home office.
Need Help Implementing?No worries, that’s what we do! Email me at Kevin.Noles@WinnCove.awsapps.com then we can get you on your way to saving more money!

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