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Deductions & credits
@toddleroc wrote:Isn't it true that to be considered your principal place of business, you have to qualify for a home office
They are not explaining that the IRS has strict definitions of what qualifies as a home office and principal place of business.
No. A Home Office deduction requires the Principal Place of Business (or a place you meet clients) to be used Regularly and Exclusively. But your home could still qualify as your "Principal Place of Business" without meeting the Regular and Exclusive rule. See my links on the other post that you commented on.
You are right, they are not explaining things correctly.
‎April 12, 2022
12:04 PM