Office in the Home for client who manages three rentals

[Greta]

Is it deductible using the simple method? Rentals all bring a loss.

[TaxGuyBill · Accepted solution]

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.