What are the requirements for home office deductions?
An example of an AI chatbot conversation about home office deduction requirements.
What are the requirements for home office deductions?
To qualify for home office deductions, you must use a portion of your home exclusively for business purposes.
What does 'exclusively' mean in this context?
'Exclusively' means that the space must be used only for your business activities, not for personal use.
Are there specific square footage requirements?
There are no specific square footage requirements, but the space must be a dedicated area for your business.
Can I deduct expenses for my entire home?
You can only deduct expenses related to the portion of your home used for business, not the entire home.
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