Article Date:
March 2019


Word Count:
601

 

 

When the Second Office in the Home Is a Principal Place of Business


When possible, you want to claim that your office in your home qualifies as a principal place of business, because this classification

 

·

gives you the home-office deduction, and

·

eliminates commuting from your home to your regular office.

 

Current law gives you two ways to claim your office in the home as a principal office:

 

·

First, as a principal office under the rules that the Supreme Court finalized in Soliman1

·

Second, as a principal office under the alternative after-Soliman rules, where lawmakers added this alternative: “... the term principal place of business includes a place ... Log in to view full article.

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