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Home Office Deduction
Can someone please educate me on how to file form 8829? To my knowledge, it would be filed with my personal tax return. I have a DBA and EIN and would like to use the home office deduction to set up an office in a new apartment to establish my business. The amount of rent paid in the previous year equals $17,307. Will this expense be written off in total and credited to me? How much money will this deduction save me? How will this deduction help me save on my monthly rental payments for the upcoming year?
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‎January 19, 2024
6:50 AM