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Home use business deductions
I use my home as my place of business. I have an office area for paperwork and computer tasks. Since I make the products I sell, I also store inventory and supplies I need for my products. Finally, I use parts of our home as workshop space for production of the things we sell. Are all of these areas deductible on our taxes. If so, do we lump them all together for the % of our home we use for business? Where on our taxes?
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3 weeks ago