Home Office Deduction Worksheet

ExactCPA
14 South Pierson Road
Maplewood, NJ 07040

info@exactcpa.com
Phone: (973) 996-2284
Fax: (646) 929-5562
www.exactcpa.com

Your home office will qualify as your principal place of business if you use it exclusively and
regularly for administrative activities and you have no other fixed location where you conduct
substantial administrative activities. As an employee, your business use must be for the
convenience of your employer and you must not rent any part of your home to your employer
and use the rented portion to perform any services. The home office deduction is available to
both renters and home owners.
Property Address____________________________________________________________
Date Home Office was Placed in Service__________________________________________
Purchase Price or Fair Market Value of Home_____________________________________
Portion of Price / Value Attributed to Land_______________________________________
Area Exclusively Used as Home Office (ft2) ______________________________________
Total Area of Home (ft2) _____________________________________________________
Casualty Losses, Theft________________________________________________________
Mortgage Interest, PMI_______________________________________________________
Real Estate Taxes____________________________________________________________
Insurance__________________________________________________________________
Rent______________________________________________________________________
Repairs, Maintenance________________________________________________________
Utilities____________________________________________________________________
HOA Dues __________________________________________________________________
Other______________________________________________________________________
Other______________________________________________________________________

Home Office Deduction Worksheet

ExactCPA

info@exactcpa.com
Phone: (973) 996-2284
Fax: (646) 929-5562
www.exactcpa.com

14 South Pierson Road

Maplewood, NJ 07040

Briefly describe how this home office is used in conjunction with your job or small business
below:

_____________________________________________________________________________

Did you make any substantial improvements for this home office?

YES

NO

Do you have another office that you use at a different location?

YES

NO

Did you operate a child care facility in your home?

YES

NO

Disclosure
I(We) verify that the information provided in this Home Office Deduction Worksheet is accurate
and complete. I(We) understand it is my(our) responsibility to include any and all information
concerning income, deductions and other information necessary for the preparation of my (our)
personal income tax return.
Taxpayer Signature____________________________________________
Date________________
Printed Name________________________________________________
Spouse Signature_____________________________________________
Date_________________
Printed Name________________________________________________
Please call or email us anytime with your questions and concerns. We look forward to serving
you!

Home Office Deduction Worksheet

ExactCPA
14 South Pierson Road
Maplewood, NJ 07040

info@exactcpa.com
Phone: (973) 996-2284
Fax: (646) 929-5562
www.exactcpa.com

What are the rules on a home office deduction?

If you use part of your home for business, you may be able to deduct expenses for the business
use of your home. To qualify to deduct expenses for business use of your home, you must use
part of your home:
1) Exclusively and regularly as your principal place of business, or,
2) Exclusively and regularly as a place where you meet or deal with patients, clients or
customers in the normal course of your trade or business, or,
3) In the case of a separate structure which is not attached to your home, in connection with
your trade or business, or,
4) On a regular basis for storage use, or,
5) For rental use, or
6) As a daycare facility
Please feel free to contact us with any questions you may have regarding the home office
deduction.