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Jul 2, 2018Casualties and Thefts – Form 4684
You can deduct casualty and theft losses for both personal use property and income-producing business property. Prior to tax year 2018, special limitations did not apply. For tax years 2018 through 2025, if you are an individual, casualty losses of personal-use property are deductible only if the loss is attributable to a federally declared disaster. Destruction […]
adminJun 14, 2018Expenses for Business Use of Your Home – Form 8829
Form 8829 is used to calculate allowable expenses for the business use of your home as well as any carryover of amounts not deductible for the current year. You can only deduct expenses for a specific part of your home that you use regularly and exclusively as your principal place of business, as a place for your […]
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