Greetings,
I live in Washington D.C. However, I am licensed to practice law in New York State. So, I want to buy a small studio or 1 bedroom apartment/condo in Westchester County NY ( Scarsdale or Eastchester) to use exclusively for my legal practice. I will be there 3-4 days a week minimum, meeting clients, making/returning business related calls, preparing cases for court, and billing/completing other of my practice related administrative work.
I would sleep in the place a couple nights per week, rather than returning to DC.
My family and pets will remain in DC.
Can I treat this potential apartment as a business office, writing off mortgage interest, HOA, utilities, office furnishings, etc.? Or am I limited to treating it as a home office, where I can only deduct the portion of the apartment where work is done?
Further, if I am limited to treating it as a home office, can the office space be greater be greater than the residential space for tax purposes (say the living room/dining room areas have office furniture and I work there, and sleep in a smaller bedroom)?
Thanks in advance for any information you are willing to provide!
Taxthinking
