Nagpal: Dedicated home office deductions apply to business owners, not W-2 employees
Ankur Nagpal · How to Optimize Taxes as an Entrepreneur · Jan 10, 2024 · at 4:59
Ankur Nagpal breaks down IRS deduction rules for home offices with Alex Lieberman on Founder's Journal.
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“A lot of people know you can deduct business expenses with a business that you can't if you're an employee, but a very big one is if you have a dedicated home office That you use specifically for your business, you can proportionally deduct that from your rent or mortgage. But let's imagine you are working from that same home office at your W-II job, you can't get any deduction for that.”
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