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Join Date: Jul 2001
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Skip, I'm prtty much the same way. And to clarify, I'm not saying "Can I get away with this or that" so much as I did not know you could actually write some of this stuff off!

Ok, for instance if you run a home business like daycare and you get to write off 43% of your home expenses....odds are you will never show a paper profit on the company. The IRS is cool with this? I mean you're not lying, it's just the way they designed the system.

Also, if I have a home office which takes up say 12% of my home, can I really deduct 12% of ALL my homes costs? Even mortgage payments? Electric bills, heating, etc....... I just want to be sure I understand this.
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Old 04-13-2005, 11:08 AM
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