edward222
New member
Do you operate your business from your home?
The majority of online entrepreneurs do, and that entitles them to take some
significant tax deductions if you meet certain IRS conditions.
For one, your home office must be used "exclusively" and "regularly" for business use.
That means the primary purpose of that space is for business, such as contacting clients or managing your books.
It also means that the space is not used for family or personal activities, unless you want to start dividing up that
time by saying 75 percent of the time the home office is used for business and 25 percent of the time it's used for playing games or doing homework.
The majority of online entrepreneurs do, and that entitles them to take some
significant tax deductions if you meet certain IRS conditions.
For one, your home office must be used "exclusively" and "regularly" for business use.
That means the primary purpose of that space is for business, such as contacting clients or managing your books.
It also means that the space is not used for family or personal activities, unless you want to start dividing up that
time by saying 75 percent of the time the home office is used for business and 25 percent of the time it's used for playing games or doing homework.