Taxes_Claiming half rent
Taxes_Claiming half rent
Out of context: Reply #17
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- GreedoLives0
I used to claim it for 5 years or so, and my ex-roomate's done it for over 10 years now, and neither of us has been audited. But we kept it honest, we figured out the square footage of our place and then what percentage of that we actually used for 'business purposes.' They say it's a red flag, but the IRS audits something like 0.001 percent of taxpayers, so, if you can back it all up, why not go for it.
- you "used to claim it" meaning 50%..? we're only saying 50% is a red flag.horton
- no, mine was something like 22% of total living space, 50% is much unless you can prove it...GreedoLives