What are the requirements for deducting home office expenses?
An example of an AI chatbot conversation about home office expense deductions.
What are the requirements for deducting home office expenses?
To deduct home office expenses, you must use part of your home regularly and exclusively for business.
What qualifies as exclusive use?
Exclusive use means that the space is 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 defined area used for business.
Can I deduct utilities and internet costs?
Yes, you can deduct a portion of your utilities and internet costs based on the size of your home office.
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