Home Office or Rent - TaxMama.com

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Homeowners Insurance Quote . www.TaxMama.com Today TaxMama hears from Leslie in the TaxQuips Forum, who is quite clever. "I am helping a friend out with her business. She currently takes a deduction for having a home office for the company that she runs out of her home. Would it benefit her more to charge the company rent? I know she would be able to take the rent expense as a deduction on her company's taxes; but the rental income would then go on her personal return. So would this approach even make sense?" Read the answer at www.TaxMama.com Image Credit: www.flickr.com

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