Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
J
JLS36
May 22, 2024
Question

Buying a House & Writing it off as an office

  • May 22, 2024
  • 1 reply
  • 0 views
Can you buy a house and register it as your office / business headquarters and write it off in addition to all the expenses incurred with repairs, etc?
If so, does that mean you can't write off any other business expenses (such as materials, transportation, etc)
 
 

1 reply

lockerman
lockerman
May 22, 2024

If the entire house is used for business regularly and exclusively for business yes.  Some businesses have purchased old houses and renovated them for business use but do not live in them.  Perhaps the old house is zoned commercial or is near their target market.  Using the house exclusively means you do not live in it.  All legitimate expenses can be deducted as business expense even though you have a house you are using for business.

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification