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home office deduction

I run a couple of businesses out of my home. I am an independent contractor for an educational company and do work from my home office. I take the home office deduction.

 

My understanding is I cannot take more than one deduction for the business since I know the work I do for that company has to be exclusively the only work done in the office, correct? My other business is an online product sales. 

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Accepted Solutions
ThomasM125
Expert Alumni

home office deduction

You can take one home office deduction for the educational company and another home office deduction for the product sales business. The exclusive use rule relates to using the office for business as well as personal purposes, that would invalidate your home office deduction. You are allowed to use it for multiple businesses as long as there is no personal use involved.

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1 Reply
ThomasM125
Expert Alumni

home office deduction

You can take one home office deduction for the educational company and another home office deduction for the product sales business. The exclusive use rule relates to using the office for business as well as personal purposes, that would invalidate your home office deduction. You are allowed to use it for multiple businesses as long as there is no personal use involved.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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