I have a client that bought a new house and has a home office. Can his closing costs that are used to get the loan (credit report, appraisal fees, etc) be amortized over the loan? this is how it is for business property so I wasn't sure if I could take a percentage.
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We should start with...What is the entity type? What is the business activity, and is this going to be the place of business, or is there a business location where the business gets done? In other words, does this even meet the requirement of Home Office?
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