Question

We conduct business in San Antonio, Texas, nine months a year, and in Colorado Springs, Colorado, three months a year (about 77 percent of our income comes from Texas).

We are in the process of buying a town house to use while in Colorado Springs. What expenses will we deduct? We are going to do some upgrades, like flooring. Can we deduct any of these expenses? (C.D., Austin, TX)

Answer

Your tax home is in San Antonio; therefore, your ... Log in to view full article.