The home office deduction is an easy way for a taxpayer to show a loss on his or her tax return.

Question

Quizplus · Accepted Answer

The home office deduction is only available to taxpayers who use a portion of their home exclusively and regularly as their principal place of business or as a place to meet or deal with clients or customers in the normal course of business. While it can potentially reduce a taxpayer's taxable income, it is not necessarily an easy way to show a loss on their tax return.

The Home Office Deduction Is an Easy Way for a Taxpayer