I use my home office for my rental properties and my two businesses. What do I need to think about? (A.P., Hickory, NC)
As the court stated in Hamacher, each and every business use must meet the requirements for the home office. Should you have a use that fails the exclusive business-use requirement, that one failed use disqualifies your home-office deduction.
When you violate the exclusive-use standard, the law precludes the court from granting you the home-office ... Log in to view full article.