I’m a fairly new business owner trying to figure out what I can write off and what I can’t. Specifically my mortgage, electric and stuff like that. The business is under my home address but my husband does all the labor in the field. I’ve gotten mixed opinions on paying the mortgage from the business account for tax purposes. What does everyone else do? Tia! I don’t want to do something I’ll regret later.
https://www.irs.gov/businesses/small-businesses-self-employed/simplified-option-for-home-office-deduction
Generally speaking, to take advantage of the home office deduction, the space needs to be used exclusively for business. Setting up a desk in a spare bedroom with a bed in it wouldn’t qualify you to claim the entire bedroom, but you could claim the space your desk occupies if the desk wasn’t used for personal use.