What if I live in a 1 bedroom apartment but work from home for my business? Can I square off an area and put dividers around it and make my own little office so I can deduct that space?
I read an article saying you must have a home office with a door separate from any other room. Is that true? I'm in a one bedroom and my next spacious area is my sunroom.. which is attached to my living room. Am I still qualified or would they get technical?
Can I live in one state and then rent an apartment in another state as it would be cheaper than getting a hotel weekly? Are those rent payments tax deductible?
Just to be sure, at min 5:42 he said it was $30K when previously it was $36 K of having expense of $3K per month, what happened to the $6K? 😂 aside from that I enjoyed the video
This video is specific to rent but check out this video for your primary home - How To Write Off Your Dream Home: th-cam.com/video/3djnYwRpulw/w-d-xo.html
❤️ omgg, This is so helpful!! Edit: What if I have a virtual address? I still operate out of my home and have stock as well, just curious to know if that disqualifies me?
Who is Drake anyway? Oprah Who? None of these individuals aren't concerned about our well being.... I am just saying... Being Black is not a pass ... Most of these celebrities are concerned about their own agendas in life.. Great information
It was just an example, he could have named anyone, who is renting out a large office space(s). However, you are right about being black doesn’t give you a pass, but that can go for every race. Your statements also have nothing to do with this video. You’re the one that brought up their blackness. It’s like you’re reaching or wanting to make an issue from a simple informative video. He could have used Hilary Clinton and Donald Trump and the information would remain the same. Just know that the larger the rental office space, the more money you can receive.
This is music to my ears
🎤🎶 Thanks for tuning in!
Thank you for this
This is very informative and was presented so well. Thank you!! I didn’t realize I needed this until I watched it.
This was great. Thank you! Your presentation was engaging as well. Great personality!
How to calculate depreciation of my home office deduction?
great information sir!
Thank you for this! very helpful
You’re welcome!
I love this channel
Does work for for the mortgage as well I own a home and I want to Airbnb a separate unit on my property can I write off the mortgage ?
Thank you so much!!! Explained so clearly. Wow!
Thanks King. Time to build.
Let’s get it!
posted on fb for you good videos thank you
Well explained!
Great information!
Thanks Great Info!!
Thanks for watching!
thank you so much
My pleasure!
Good info
Is this for Canada
What if I live in a 1 bedroom apartment but work from home for my business?
Can I square off an area and put dividers around it and make my own little office so I can deduct that space?
what if I also have a virtual address
I read an article saying you must have a home office with a door separate from any other room. Is that true? I'm in a one bedroom and my next spacious area is my sunroom.. which is attached to my living room. Am I still qualified or would they get technical?
What if you work and own a small business?
What if you are a w2 employee but also own a business? Can you still write off your rent?
Can I write of mobile home lot rent I own the home just paying the land rental ?
Can you
I work for a company, but I am considered a contractor through the company. Will I still be eligible to say that I am a contractor?
What if your bedroom is also your office or you have 2 offices in 1 home ?
Do i need to rent under my LLC to get this deduction?
That's what I'm trying to figure out
Did you ever find an answer?
Do your home address need to be on the LLC application?
So if I'm a w2 but also have a home business, can I do this?
Home Business write-off
🎯
How did you come up with the $30K in the example? Thanks in advance
I had the same question. I think he’s just averaging 36 and calling it 30
Question!!!
how do i make the rent payment? under my name or the LLC?
Open a business bank account and write checks
Can I live in one state and then rent an apartment in another state as it would be cheaper than getting a hotel weekly? Are those rent payments tax deductible?
Just to be sure, at min 5:42 he said it was $30K when previously it was $36 K of having expense of $3K per month, what happened to the $6K? 😂 aside from that I enjoyed the video
I was just stuck here lol
I’m gonna say he meant 36
I notice he's specifically saying "rent". Does this apply to mortgages?
This video is specific to rent but check out this video for your primary home - How To Write Off Your Dream Home: th-cam.com/video/3djnYwRpulw/w-d-xo.html
❤️ omgg, This is so helpful!!
Edit: What if I have a virtual address? I still operate out of my home and have stock as well, just curious to know if that disqualifies me?
Girl I’m in the same boat
@@bbj9586 hey girl! I wish you all the best on your business ❤️ I was hoping the LYFE Accounting team was going to respond back.
Self employed car deduction
Who is Drake anyway?
Oprah Who?
None of these individuals aren't concerned about our well being....
I am just saying... Being Black is not a pass ... Most of these celebrities are concerned about their own agendas in life..
Great information
It was just an example, he could have named anyone, who is renting out a large office space(s). However, you are right about being black doesn’t give you a pass, but that can go for every race. Your statements also have nothing to do with this video. You’re the one that brought up their blackness. It’s like you’re reaching or wanting to make an issue from a simple informative video. He could have used Hilary Clinton and Donald Trump and the information would remain the same. Just know that the larger the rental office space, the more money you can receive.