I am a contractor and received a 1099-misc. I used my apartment to conduct the business. Should I report the rent, utility, 2nd phone line under "business expense" or "home office"?
- posted
15 years ago
I am a contractor and received a 1099-misc. I used my apartment to conduct the business. Should I report the rent, utility, 2nd phone line under "business expense" or "home office"?
Rent and utilities are home office expenses. If the 2nd phone line is
100% business use then it's cost is 100% deductible whether you have a qualified home office or not.BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.