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Self employed
It seems like you have a pretty good grasp of how you should treat your expenses. In addition to allocating your expenses, you will also need to depreciate 50% of the home for the rental, and another 5% for your home office. There is also the option of using the simplified method for your home office. For more information see The Home Office Deduction
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‎April 13, 2023
2:39 PM