Principal Place of Business
To claim the home office deduction, you must meet the Business Connection Test. The either/or dilemma is often between complex rules and simple, actionable guidance. Our Simple guide demystifies the rules.
Your home office will qualify as your principal place of business if you use it exclusively and regularly for administrative or management activities of your business, AND you have no other fixed location where you conduct substantial administrative or management activities. This is one of three conditions you need to meet to pass the Business Connection Test.
Download the S3 Home Office Deduction Qualifier now to confidently claim your deduction: https://www.safesimplesound.com/the-s3-home-office-deduction-qualifier/.
DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.