Note that the electricity is a necessary expense and cost of the high-powered equipment used in this home business. This is billed together with my home utilities, but I have power meter tracking to prove which portion is related to the business.
Example: The home office deduction limits the yearly deduction to $1,000 but the home business related electric bills for 2017 totaled over $10,000.
This seems like the wrong approach. At 5 years of this, you'd be carrying over $1k of home office deductions for the next 50+ years.
Is there a separate category of expense where these utility bills should be deducted?
