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!|