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VaSteve VaSteve is offline
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Join Date: Oct 2003
Location: Just outside the beltway
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Quote:
Originally Posted by RickM View Post
You can also deduct a portion of your home electric, gas, insurance, mortgage(?) bill etc, provided you have a home office. Your accountant can advise on proper percentages.

I'm keeping a diary of my daily activities to be on the safe side.

Anyone know if Quicken accommodates this?


I would highly recommend that you review your deduction for your home office. This is one of the mostly highly auited items for 1099 employees. They have set it up so that you can't do ANY personal business in your home office. (Never mind the fact you can do pretty much anything at a business office). Also, if you depreciate your home office (a portion of your house) it's going to mess with the basis of your house whn it's time to sell.

Rick Lee, I have to laugh, you're more frequently disssatisfied with your job than I with mine - and more vocal!
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Old 01-08-2008, 06:34 AM
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