Office in the Home for client who manages three rentals
Is it deductible using the simple method? Rentals all bring a loss.
Is it deductible using the simple method? Rentals all bring a loss.
First, I think the rentals must rise to the level of a "Trade or Business".
Second, no, any Home Office Deduction can't increase a loss.
Third, unlike the regular Home Office deduction, the Simplified Method can't be carried forward.
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