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Can I claim my apartment rent for my office expense. I work on real estate field and i own a home?


Can I claim my apartment rent for my office expense. I work on real estate field and i own a home?

you work in that field, and cant figure it out?

If your office is in that apartment you can claim a portion of the rent. For the "what portion" follow up thought you just had, ask a great accountant.

That would be a good question to ask your tax professional. The last thing you want is an audit. :)

If you divide the number of rooms into percentage, that's what you can deduct. Say 10 rooms, that's a 10% deducation. Includes utilities too. Insurance, etc etc.

If you ONLY work the real estate field from you home, you are entitled to an office expense deduction. However, if you also have an office available to you at a real estate agency, your deduction disappears, even if you use your home office for your real estate work.

Use caution in using a home office deduction unless you are certain that you qualify for the deduction legally. A home office deduction is one of the largest 'red flag for audit' deductions for the self-employed.

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