As an independent contractor I have one bedroom in my apt. that is just my office. Is this deductible?

How much of my rent can I deduct? I have 4 rooms and a bath.

According to my money guy, it's perfectly legal to deduct a home office, but I'm not sure exactly how much, since he handles all of that.

you can only deduct for a room that is used EXCLUSIVELY for the business - a room you also sleep in, does not qualify

The IRS continues to crack down on the home office deductions.

The deduction is based on the square footage of your residence (i.e. what percent of your living area is dedicated to the office). It must be a section of your apartment that is used for *nothing* else.

Here's publication 587 with info:
http://www.irs.gov/publications/p587/ar0...

do you see clients in your office? if you are just using that office as a work space for yourself than from what I know it is a sure fire way to get audited. if you see clients in this office and you do not have any other office than go for it

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