- 19 - expenses if the taxpayer exclusively and regularly uses the home office as the principal place of a trade or business or to meet with clients. Petitioner contends that he may deduct his rent and utility expenses for home offices in the Lower Wetumpka Road and Creek Drive houses. He contends that he showed that he met the requirements of section 280(c) for the Lower Wetumpka Road house by his testimony and his receipts for mortgage and utility payments. He testified that he had a large office in the Lower Wetumpka road house that he used as a tax office and which the Freedom Quilting Bee used. He also had a second office in that home that he uses during tax season for tax preparation, and as a map room for the lobbying activity when it is not tax season; 5(...continued) item is allocable to a portion of the dwelling unit which is exclusively used on a regular basis-- (A) [as] the principal place of business for any trade or business of the taxpayer, (B) as a place of business which is used by patients, clients, or customers in meeting or dealing with the taxpayer in the normal course of his trade or business, or * * * * * * * In the case of an employee, the preceding sentence shall apply only if the exclusive use referred to in the preceding sentence is for the convenience of his employer.Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Next
Last modified: May 25, 2011