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I am a W2 EE and have a virtual Office; How do I claim business use of Home?


I worked as a w2 employee for an insuance company which had me use a virtual office out of my home. How do I claim business use of my home efficently.

Look on the IRS website-- there is a pamphlet that deals with this topic. There are certain requirements you have to meet, like having a room or part of the house dedicated as an office, which means you can't use it for anything else most of the time. You have to figure what percent of your house was used as your office, then you can deduct that same percent of your mortgage, electricity, water, etc as business expenses. Just be careful, because this is one of the things most likely to trigger an audit.

Good Luck!!

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