I run a couple of businesses out of my home. I am an independent contractor for an educational company and do work from my home office. I take the home office deduction.
My understanding is I cannot take more than one deduction for the business since I know the work I do for that company has to be exclusively the only work done in the office, correct? My other business is an online product sales.
You can take one home office deduction for the educational company and another home office deduction for the product sales business. The exclusive use rule relates to using the office for business as well as personal purposes, that would invalidate your home office deduction. You are allowed to use it for multiple businesses as long as there is no personal use involved.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©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
