Question

My tax preparer told me that if I don’t have any business income, 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 tax preparer is telling you. He says that you will not receive any tax benefit from your home office because you have no income. That’s wrong.

On the surface it appears true, but it’s not, as we explain.

Your Situation

You state that you don’t have business income.

This could mean ... Log in to view full article.