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Renting a room for a business
I rent a room in a house as my domicile, but I also rent a separate room in this house solely for my business and pay a separate fee for the room. Can I deduct this as a business expense (office rent)? Or do I have to use the Home office formula to deduct it since both my Room and the Business office are located in the same structure (a Home)?
The room contains ONLY items related to my business such as 3D printers, along with other tools, furniture and hardware related to the business. Not sure if this matters but the room is separated from mine by another bedroom that is not occupied by me.
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March 18, 2022
11:10 AM