Computing the home office deduction in one year


Response to the following :

Instead of requiring actual receipts to be submitted for reimbursement, sole proprietors can choose to reimburse their employees and themselves for meals and lodging using a per diem amount.

Taxpayers who use the safe harbor method for computing the home office deduction in one year can choose to use the actual operating costs of their home to compute their deduction in a later year.

 

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Taxation: Computing the home office deduction in one year
Reference No:- TGS02109346

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