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Businesses . . . Taxes . . .

Office in the home expenses

Many employees and self-employed individuals work out of their home and may make legitimate claims for the cost of running a home workspace according to certain rules.

What is important is that where there is a mixed use of expenditures, a proper allocation is made for any personal use component.

• Allowable deductions

• Calculations

• Restrictions

• Recent court cases

• Ask yourself ...

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Last modified: 06/28/06