WKins2
Expert Alumni

Deductions & credits

Here are the answers to your questions:

 

For the lawn care business:

 

You would only deduct the miles to the house to the first job and from the last job home only if the office of the business is located in the home. If the business is run out of the home, and there is a home office you would deduct those as business miles.

 

For the construction business:

 

You have two options for deducting the home office:

 

1. You can take the actual expenses (home mortgage, interest, electricity, gas, etc) and claim the percentage that applies to the office (if you office is 10% if the home, you get to deduct 10% of the expenses).

 

2. You can take the simplified method which is a set formula the IRS determines based on the square footage of your office. 

 

To read more about home office deductions click here: https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-take-the-home-office-deduction/0...

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