SensibleandHour ly
Level 8
2 weeks ago
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Good morning,
My client built a small home office separate from his home. I'm trying to find specific IRS guidance if this is a direct expense since it is not attached to the home.
Thank you!
Dawn
Best Answer Click here
Labels
Level 15
2 weeks ago
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It would be direct. from Pub 587. Link. https://www.irs.gov/publications/p587#:~:text=of%20their%20business.-,Separate%20Structure,patients%....
Direct | Expenses only for the business part of your home. |
Deductible in full.* |
Examples:
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SensibleandHour ly
Level 8
2 weeks ago
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Thank you!!! Just what I was looking for.
Accountant-Man
Level 13
2 weeks ago
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A direct depreciable asset.
** I'm still a champion... of the world! Even without The Lounge.