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I am a healthcare professional with a Podcast that is part of my business. I make the podcast at home. Can i claim a home office credit ?
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Deductions & credits
To deduct expenses for business use of your home:
As a general rule, you must use a part of your home regularly and exclusively for business purposes. The part of your home used for business must also be:
- Your principal place of business, or
- A place where you meet clients or customers in the normal course of business, or
- A separate structure not attached to your home. Examples could include a garage or a studio.
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THat is NOT my question. I do not claim a home expense. I inputed communication expenses such as telephone. BUT the output on the return showed this as UTilities! I believe the software is defective.
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Deductions & credits
Gas, electric, phone and water are the basic utilities and should show under utilities. You can claim home office expenses as long as you qualify and have a positive income. Here are some handy links to help:
Small Business and Self-Employed Tax Center - complete guide
- Publication 535, Business Expenses
- Publication 583, Starting a Business and Keeping Records
- Self-Employment Taxes
- Deducting Expenses
- Recordkeeping
- Hobby or a Business.
- IRS pub 538.
- Audit Techniques Guides (ATGs)
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