I am self-employed as a software consultant. I have a small room as my consulting business home office. It is used for the business 100%.
This year, I added a new MTM Securities Trading business (my consulting activities are mainly in the evening). Now come to the home office and expense. I am thinking of not claiming any expense on the trader business separately. Because so many things are shared by these two business. Without the trader business, I still need them. Is there any issue with doing so?
Suppose I claim 50% of all the computers and home office expenses as the trader expenses. Is there any issue with reclaiming 100% of those expenses to the consulting businesses again when I quit the trader business later?
