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carpediemitadvis
Level 1

For expenses/deductions labeled as (Home Office), do I reimburse myself monthly by dividing my total house sq feet area by how much my office is?

Or do I deduct them when filling for annual taxes in April?
1 Comment 1
Teri
Level 9

For expenses/deductions labeled as (Home Office), do I reimburse myself monthly by dividing my total house sq feet area by how much my office is?

Depends on your type of legal entity for taxes.  Are you:

 

Sole Proprietor

S-Corporation

C-Corporation

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