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Business & farm
It's a home office deduction either way based on the square footage used as the home office. Your rent payment is allocated based on the business use. All of those items: utilities, etc are entered as indirect costs for the home office and prorated based on business portion of the property.
You would need to decide which is best for you; the simplified calculation on entering direct/indirect expenses.
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March 11, 2021
12:38 PM