You'll need to sign in or create an account to connect with an expert.
There is a limitation related to home office expenses and the income that was earned while using the home office. This question is gathering information to apply that limitation.
The question is asking what percentage of your business gross income is attributed to work
done in your home office.
For example: If all your work is done in
your home office, enter 100 (for 100%).
But if you figure that one-fourth of your income is made on the road or
in another location and three-fourths of your income is made from your home
office, enter 75 (for 75%).
You can also consider the amount of time you work in your office as a factor if breaking it down by income is difficult. If you spend 4 out of 5 days working from your home office, then use 80 (for 80%), etc.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lacampeau
New Member
shawnhopkins
New Member
jsm_tt25
Returning Member
spartacoLink
Level 2
LadnyPasztet
New Member