Office in home deduction

[wcharron62]

I have a desk in my basement that I use for conducting my consulting business. Can I take a home office deduction with this setup

[AndreaG]

Yes. You can take a home office deduction if this area of your home is used regularly and exclusively for your business and is your principal place of business. Please refer to the following Turbo Tax article for additional information about meeting these requirements.https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/The-Home-Office-Deduction/INF120...

 Please refer to the following FAQ for additional clarification. https://ttlc.intuit.com/replies/3302005

Please refer to the following FAQ for instructions on how to enter this information in Turbo Tax. https://ttlc.intuit.com/replies/4773249