Home Office Deductions (v22) – Video Self Study Course

Course Description

This course covers the ins and outs of the home office deduction. This deduction is popular with sole proprietors, but practitioners must be careful to make sure the proprietor actually qualifies for the deduction.

NOTE - This is a Video Self-Study Course

Learning Objectives

Upon successful completion of this course participant should be able to be complete the following objectives:

• Understand how to qualify for the home office deduction
• Understand what "regular and exclusive use" means
• Understand how to calculate the deduction when using actual expenses
• Understand how the simplified method works
• Identify how daycares calculate the home office deduction
• Understand how the deduction affects taxation of home sales in the future
• Identify the forms used to report home sales where depreciation has been claimed on a home office

CPE Credits: 1 CPE for CPAs and EAs

Level: Basic

Instructional Method: Self-Study

NASBA Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Revision Date: October 17, 2022