Home Office Deduction

Your home office will qualify as your principal place of business for deducting expenses for its use if: 1. You use it exclusively and regularly for administrative or management activities of your trade or business, AND 2. You have no other fixed location where you conduct substantial administrative or management activities of your trade or business. Administrative or management activities include: billing customers, clients or patients; keeping books or records; ordering supplies; setting up appointments; or forwarding orders or writing reports. Please note that if you are an employee, the business use of your home must be for the convenience of the employer. In addition, your deduction may be limited if your gross income from the business use of your home is less than your total business expenses.