Home Office Deduction, Schedule C, Form 1040, Form 8829. How to write off your home office.
Home Office Deduction and your taxes.
Form 1040, Schedule C, Form 8829Home Office Expense.
How to take a home office write off.
Home office deduction video log:
00:11 Home office expense overview
00:55 Who can take a home office deduction?
01:55 What percentage can I deduct
02:15 Actual method vs simplified method
02:32 Home office deduction Safe Harbor method
03:00 Simplified method of home office deduction Example
03:29 Actual method of Home Office deduction
03:53 Example of actual method of Home Office deduction
04:12 Direct expenses vs indirect expenses
04:30 Direct expense example for home office
05:05 When to use actual method for your home office expense
05:40 What can you write off for your home office expense
06:30 Miscellaneous home office expenses
07:48 Form 8829 Home Office Expense
07:52 Expenses for Business use of your home
08:03 Form 1040, Schedule C, Form 8829
09:12 Common mistakes for Home Office Expense on Tax return
11:25 Common mistakes on home office deduction
#homeoffice #ScheduleC #form8829 #Katie_St_Ores
Please understand that these videos are for EDUCATIONAL purposes only and are very general. All people and their financial situations are different. So, it is important to consult your own financial professional.
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Katie St Ores CFP®, ChFC®, EA, LTC
Financial Advisor, Tax Consultant
St Ores Financial Services
McMinnville Oregon 97128
2023, 2022, 2021, 2020 Women’s Initiative (WIN) CFP® Board
2023, 2022, 2021 Financial Women to Watch on KZread
Пікірлер: 53
Thank you, Katie. Good summary and a simplified overview.
Thank u Katie, u r awesome as always
Katie, thank you so much. I completed a taxation course in my college, but the way how you explain makes me feel I would like to see you as my professor! Great content!
Thanks!
Great job.
Hi . Thankfully 👍
Thanks for the video.
Excellet video!!!
I hoped you'd explain how to come up with the business, personal, and commute mileage deduction. An example would be fantastic for beginners like me.😊
Good morning medam garu 🌹🎉🙏
Thanks🌹🌹🌹
Hello…what if we work from home but use a virtual business address?
HELP😭IS IT WRONG 2 ask everybody 2 send u $5 an get a IRS person 2 interview for 1 hour so we can ask questions😳
Help, please. There are mirror direct/indirect boxes on 8829. I thought the first set are only for people who also itemize on Schedule A, but that is where your demo shows those figures going. Which set should I pick if I'm taking the SD? Sorry if you covered this and I missed it.
HI Katie you are amazing thank you, I have a question lets say my client wants to deduct rent, utilities , phone etc., lets say he pay pay electric bills monthly all year , do I need to multiply the result x 12? example pay $300 on electric bill all year round so 300 x 0.16 = $48 so I multiply 48x12=576 and I do the same math with other utilities that is paid all year ? Thank you in Advance
Hello! Do you have a video on how to fill out the IT 2104 form, aka the New York state tax form?
Thanks for all the info. Reading Instructions for tax Year 2022. The instructions say If Claiming the Standard Deduction not to use Lines 10 & 11 for Mortgage Interest and Real Estate Taxes, Instead use Lines 16 & 17. Is this a new change?
What about if you own a second home that's empty and being used exclusively for a mental health office? Can you use the entire home for the regular home office deduction? We also had the home rezoned as a home business in our county.
I live with my parent and he claims head of household as he is renting the house. I use part of my bedroom in the same house as my “home office”. Would I be able to include this space as a home office for my taxes even though I am not the person renting the house?
what's with the loud noises in videos?