My home office, where I conduct 100% of my business, also has a TV and treadmill that I use at night.

Anonymous — Thu, 09 Feb 2023 20:03:50 GMT

My home office, where I conduct 100% of my business, also has a TV and treadmill that I use at night. Am I allowed to take a home office deduction because of the treadmill?

Re: My home office, where I conduct 100% of my business, also has a TV and treadmill that I use a...

JohnB5677 — Thu, 09 Feb 2023 21:28:13 GMT

I agree with @Bsch4477. In the interest of caution, I would remove the equipment.

Here are some details about this deduction to help taxpayers determine if they can claim a home office:

Employees are not eligible to claim the home office deduction.
The home office deduction is available to both homeowners and renters.
There are certain expenses taxpayers can deduct. These may include mortgage interest, insurance, utilities, repairs, maintenance, depreciation and rent.
Taxpayers must meet specific requirements to claim home expenses as a deduction. Even then, the deductible amount of these types of expenses may be limited.
The term "home" for purposes of this deduction:
- Includes a house, apartment, condominium, mobile home, boat or similar property.
- Also includes structures on the property. These are places like an unattached garage, studio, barn or greenhouse.
- Doesn't include any part of the taxpayer's property used exclusively as a hotel, motel, inn or similar business.
Generally, there are two basic requirements for the taxpayer's home to qualify as a deduction:
- There generally must be exclusive use of a portion of the home for conducting business on a regular basis. For example, a taxpayer who uses an extra room to run their business can take a home office deduction only for that extra room so long as it is used both regularly and exclusively in the business.
- The home must generally be the taxpayer's principal place of business.

Please review: How small business owners can deduct their home office from their taxes.

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My home office, where I conduct 100% of my business, also has a TV and treadmill that I use at night.

Re: My home office, where I conduct 100% of my business, also has a TV and treadmill that I use a...