Work At Home Virginia

By admin, November 21, 2009 10:30 pm

work at home virginia
US: Work at Home but no Home Office Deduction?

Hi -

I’m considering taking a position at a company in Virginia. I would spend 2 days per week in Virginia and 3 days at home in NYC.

I own a co-op in New York.

I am pretty sure that I don’t qualify for a home office deduction. My work is project mgmt. I would have an office at home (PC, printer, etc.) but I would not be receiving any clients there.

Would there be any tax advantages to this arrangement? This could help me decide if I want to take the job.

1. Is it true that I can’t or shouldn’t take the home office deduction?

2. If I can’t, are there any advantages to this arrangement?

Let me throw out some round, hypothetical figures to simplify things:
a. Salary at new place would be 100,000
b. Co-op is appraised at 500,000
c. I would be using about 20% of the space as my “office.”
d. Property taxes = 1000/month
e. Co-op fees = 500/month

Thanks in advance.
Bill

Well, you have consider depreciation of the co-op also. It could be more headache than it is worth.

Work From Home in Morgantown, West Virginia (WV)


Comments are closed

Panorama Theme by Themocracy