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Can I take home office deduction if I am self-employed (catering/event mgmt)? I only use the home office for admin. All meetings and work done at client's location

 
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2 Replies
ReginaM
Expert Alumni

Can I take home office deduction if I am self-employed (catering/event mgmt)? I only use the home office for admin. All meetings and work done at client's location

Yes, you may claim an home office deduction if you have a office in your home that you use for your business.  Here is IRS Publication 587.

 

To qualify to deduct expenses for business use of your home, you must use part of your home:

• Exclusively and regularly as your principal place of business;

• Exclusively and regularly as a place where you meet or deal with patients, clients, or 

  customers in the normal course of your trade or business;

• In the case of a separate structure which is not attached to your home, in connection with 

  your trade or business;

• On a regular basis for certain storage use; or

• As a daycare facility.

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Can I take home office deduction if I am self-employed (catering/event mgmt)? I only use the home office for admin. All meetings and work done at client's location

Absolutely! As a self-employed individual in catering and event management, you can likely claim a home office deduction, especially if it's exclusively used for administrative tasks. Just make sure to accurately calculate the portion of your home used for business. Also, don't forget to explore if your office catering services could further qualify for deductions or credits – it's all about maximizing your benefits while staying compliant! Nutrigastro

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