doc20x
Returning Member

Business & farm

"I am not understanding how the OH home is required for you to earn the income. If you can earn the same income in FL, then Ohio is not required to earn the income and none of it is deductible."
 
Per IRS website:
"Ordinary and Necessary

To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your industry. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary.

This information is found in Publication 535, Business Expenses."

 

Is a corporate jet "necessary" for Jeff Bezos? He could drive or fly commercial like most people, so to some it would not be "required" per se but he would obviously take it as a business deduction.