Writing off mortgage

Out of context: Reply #7

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• kona0

  yes if it's a "dedicated space"

  total up all your monthly expenditures that you could write off...
  mortgage
  internet
  phone
  heat
  electric

  for numbers sake say that all totals up to be 2000 a month.

  your room is 10ft x 10ft which = 100sq feet.

  with a little math (total sq ft of house / sq ft of room / $ per year = what % you can write off of that total. meaning, what % of heat, electricity, internet and mortgage can be applied to that space.

  kona 0Permalink

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  • son of a bitch... why didn't i read etm's post before i wrote all that out...kona
  • are you a CPA kona?hektor911
  • haha. no but a major tax company is one of our biggest clients so i learned a lot from them.kona
  • thanks kona!brandelec

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