When are home-office expenses deductible?
What will be an ideal response?
Office-in-home expenses are deductible if any of the following conditions is met:
1. The office is used exclusively on a regular basis as the principal place of business for any self-employment trade or business of the taxpayer.
2. The office is used as a place for meeting or dealing with patients, clients, or customers in the normal course of business.
3. The office is used for administrative or management activities of the trade or business, and there is no other fixed location where those activities are conducted.
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