Home Office Deductions
SKU: 06-328-01-CPE
Credit Hours: 1
CPE Category: Taxes
CE Category: Federal Tax
Delivery Method: Online Video
Instructor: Jason Dinesen, LPA, EA
Course Description:
This course covers the ins and outs of the home office deduction. This deduction is popular with sole proprietors, but practitioners must be careful to make sure the proprietor actually qualifies for the deduction
This course will cover the following learning objectives:
- Understand how to qualify for the home office deduction
- Understand what "regular and exclusive use" means
- Understand how to calculate the deduction when using actual expenses
- Understand how the simplified method works
- Identify how daycares calculate the home office deduction
- Understand how the deduction affects taxation of home sales in the future
- Identify the forms used to report home sales where depreciation has been claimed on a home office