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For actual-expense method for home-office deduction under Schedule C, what additional substantiation is required beyond Form 8829? Is audit risk increased?
Under Schedule C using the actual-expense method for home-office deduction requires more “substantiation” than the simplified-deduction method. What additional substantiation is required other than completing the Form 8829? Does using actual expenses increase the audit risk? Also, I understand it is allowed to switch methods from year to year. Does switching to actual expenses from simplified deduction in previous year(s) increase the audit risk? Thank you.
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June 4, 2019
5:31 PM