if I am a (side hustle) sole proprietor
I have been told I need to be an LLC and unincorporated in order to take advantage of this tax exemption.
LLC - not required
unincorporated - yes
the home office deduction
- Be self-employed (sole proprietor) or a partner who works from home.
- Meet the eligibility requirements described below.
- Have self-employment income.
- Have a designated work area that is used exclusively for work.
- Use the space regularly.
- Not have access to another office space.
- Have a work area that is required for your self-employment work.
Employees are not eligible to take the deduction
