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Returning Member
posted Feb 5, 2020 7:18:27 PM

I work from home in my condo buildings common room - is there anything I can deduct for this?

Hi, I work from home in my condo building's  (200+ units) common room. We pay a monthly maintenance fee that includes several things - a transportation shuttle, insurance, building staff, common room upkeep, wifi, etc. Nothing is broken out separately in the monthly fee. Is there anything I would fairly be able to deduct for using the building's common room for work, and if so, how would you calculate it and where would it go in my taxes?

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Expert Alumni
Feb 5, 2020 7:43:20 PM

You are able to deduct a Business Use of Home on your self-employment Schedule C if the square footage used is regularly and exclusively by you. 

 

Per IRS Topic No. 509 Business Use of Home the requirements are:

  1. Exclusively and regularly as your principal place of business for your trade or business;
  2. Exclusively and regularly as a place where you meet and deal with your patients, clients, or customers in the normal course of your trade or business;
  3. A separate structure that's not attached to your home used exclusively and regularly in connection with your trade or business;
  4. On a regular basis for storage of inventory or product samples used in your trade or business of selling products at retail or wholesale;
  5. For rental use; or
  6. As a daycare facility.