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Deductions & credits
Are you using the simplified method or the exact expense method? The simplified method (safe harbor method) is $5 per square foot. The exact expense method is whatever it work out to be. Also, you can't use the home office deduction to show a loss on your business. If your net income after deducting all other expenses is only $286, then that's the maximum home office deduction you can take this year.
‎June 4, 2019
3:52 PM