QUESTION: I have 1 rental property which is a semi detached home. Can i
write off the room in my personal residence that I use for my office, and
the same percentage of all bills, mortgage interest etc from my residence?
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david ingram replies:
The answer is NO! A records only office is NOT deductible. To claim an
office in the home, it must be the taxpayer's principal place of business
and/or be used to meet clients on a regular basis.
In addition, even if the above criteria are met, the office in the home can
not be used to create or increase a business or rental loss.
Not good news but that is the law.
