Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

joe Hubb does not have a secure workplace to do payroll and store confidential records in the store. He uses a space in his home exclusively for this purpose and documents the use thoroughly. What form is used to calculate his office in the home deduction

Sagot :

anthougo

Answer:

Joe Hubb can use Form 8829 to calculate his office in the home deduction.

Explanation:

Based on the scenario, Joe is a self-employed taxpayer.  Self-employed taxpayers who are filing IRS Schedule C, Profit or Loss from Business (as Sole Proprietorship) calculate their 'Expenses for Business Use of Home' on Form 8829.  The expenses that are deductible include costs of electricity, heating, maintenance, cleaning supplies, and minor repairs, but only the business-use portions.

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.