Article Date:
April 2019


Word Count:
718

 

 

Q&A: No Business Income, No Home-Office Deduction: Wrong


Question

 

My CPA told me that if I don’t have any income in 2018, I can’t have a home-office deduction. True or false?

 

Answer

 

First, this is bad advice, as you will see.

 

Let’s examine what your CPA is telling you. Your CPA is saying that you will not receive any 2018 tax benefit from your home office because you have no income. On the surface that would appear true, but it’s not, as we explain.

 

Your Situation

 

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