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My home office was damaged due to a hurricane. Can I run this expense through my business and write it off on my taxes?


Asked by Greg_Rountree
Posted: Thursday, September 04, 2008  |  Found in Finance & Accounting

More answers by Nina Kaufman
Answer by Nina Kaufman
It's not clear which expenses you want to run through your business--the cost of repairing a portion of your home? The replacement costs of computer equipment? Something else?

Be very careful when it comes to home office deductions, as they are notoriously difficult to sustain and serve as auditing red flags for the IRS.

Your ability to put the expenses through the business may depend on what you want to deduct and whether you originally paid for it with personal or business funds. Speak to your accountant about the appropriate way to deduct the costs and expenses associated with home office repair.
Nina L. Kaufman is an award-winning business attorney, author and speaker. For more than 15 years, she has successfully navigated thousands of small businesses through the legal hurdles they face in starting and running their companies. Under her AskTheBusinessLawyer.com brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine.

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