Can I deduct home office?

Workspace eligibility and allocation depend on how the space is used.

The workspace must be your main place of business, or be used exclusively to earn business income and regularly and continuously to meet clients. Allocate space and time reasonably; these expenses cannot create or increase a business loss.

Records to keep

• The original bill or document, with date and amount.
• A note of the business purpose and any allocation calculation.

A common mistake

A category label alone does not establish eligibility. Review the facts before claiming.