Thread: Home business
View Single Post
  #5 (permalink)  
Old 01-13-2005, 03:34 PM
jeffrey's Avatar
jeffrey jeffrey is online now
Administrator
 
Join Date: Apr 2004
Posts: 4,185

Points: 373309.80
Donate
Default Re: Home buisness

Quote:
Originally Posted by PrincessPerky
Me again, sorry still behind a bit, but does a closet count for exclusive space? And I can't quit using my desk for regular household stuff but I could move my toy stuff to a different desk, the one in my sons room is used for teaching him only, he would loan it to me for toy stuff. which would make a whole corner of his room 'buisness'. will that count?
It sounds like it would to me...but then I'm not an IRS official. If you feel confident that the space is only used for the business, then there should not be a problem (and the chances that an IRS official is actually going to come over an look are not very large). The times they do is usually when you are claiming a large portion of the house (over 20%).

If you make the area a "business area" then you should be fine.
Reply With Quote