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Subject Author Date
Schedule C EZ mileage tobe 02-22-2008
Posted by Seth on February 24, 2008, 1:40 am
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>> What are some of the things he could do at his dorm room to make it
>> his place of business, in regards to being a performing artist?
>
>It HAS to be used regularly and exclusively for his practice - nothing else,
>ever

I though that was the requirement to deduct it as a home office, not
to have it be his place of business.

If a computer programmer uses his spare bedroom as his office, but
also lets friends sleep there, then he doesn't get a home office
deduction; but it's still his place of business.

- and - he has to be the one paying the full bill for the dorm. If
>he's not, which is often the case, and especially with a roommate, there's
>no deduction.

If someone rents an apartment with a roommate (and pays part of the
total rent), and uses part of it as a home office, I don't see that
the roommate paid some of the rent as preventing the home office
deduction.

Seth

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Posted by Stuart Bronstein on February 25, 2008, 3:29 pm
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sethb@panix.com (Seth) wrote:

>>> What are some of the things he could do at his dorm room to make
>>> it his place of business, in regards to being a performing
>>> artist?
>>
>>It HAS to be used regularly and exclusively for his practice -
>>nothing else, ever
>
> I though that was the requirement to deduct it as a home office,
> not to have it be his place of business.

That's my understandint as well. In fact the code specifically says
that you can deduct storage space for a home office even if it's not
used exclusively and solely for the business. As a result it is clear
that a home office is ok to have even if it doesn't qualify for the
rent deduction.

Stu

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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