Claim Home Office, Workshop, Garage Deduction
If requirements are met, this is one of the best deductions as it enables conversion of non-deductible personal expense into a tax-deductible rental business expense.
Besides deducting expenses for use of space at home for office work, you can deduct space used as work- shop for rental business.
If you use your garage to store your tractor to cut grass or to hold furnishings, you can deduct expense for its use.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. 2010 Year End Tax Tip for Landlord“ Claim Home Office, Workshop, Garage Deduction is brought to you by SimplifyEm Pay Rent Online and Property Management Software.
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