Thread: Japanese Cars
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Old 02-17-2002, 11:09 PM  
-=HUNGRYMAN=-
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Join Date: Jun 2001
Location: Between your mamma's legs
Posts: 4,753
Quote:
Originally posted by Frank W


Yep, if you classify your business as Consulting. Ask your accountant about this. Also you can deduct part of your mortgage/rent for the % of your living space that you use for work.

If you rent ..... yes.
If you own your home ... DO NOT CLAIM PART AS YOUR OFFICE SPACE !!! (unless you have no plans of moving from that house)

The government will ask you for ALL the money back that they allowed you when you sell your home ... I learned the hard way
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