- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No. The area used exclusively for business whether it's heated or unheated is deductible as actual expenses which also includes, mortgage and property tax or rent, repairs, and deprecation of the home (if owned the home). The expenses are reported on Form 8829 and is transferred over to line 30 of Schedule C. The business use of home deduction can't be used for business losses.
March 16, 2021
3:25 PM