HOME OFFICE DEDUCTION
01.Core Concepts
• General Rules • Expenses are prorated • Depreciation on 39-year straight line basis • Business Owner • Regular and exclusive use requirement • Cannot deduct expenses to show loss • Employee • Must be for convenience of employer to deduct expenses before 2018. • From 2018-2025, no deduction is permitted on Schedule A for home office expenses. OBBBA made permanent for tax years after December 31, 2025.