Business Activity in the Home
» Business Activity in the Home, Volume 8, Issue 4, 2008
If respondent operates their business primarily from the home AND is the owner AND does not deduct the portion of their home used for their business as a business expense for federal income tax purposes.
2a. Why don’t you deduct the business portion? Is it because it’s:?
| Response | ||||
|---|---|---|---|---|
| 1 | Too complicated to make worthwhile | 24 | ||
| 2 | Triggers a tax audit | 10 | ||
| 3 | Leaves adverse consequences for selling the house | 5 | ||
| 4 | Never thought about it | 12 | ||
| 5 | Tax advisor cautioned against it | 23 | ||
| 6 | Inconvenient\No benefit | 7 | ||
| 7 | Other | 15 | ||
| 8 | DK/Refuse | 4 | ||
| Total (%) | 100 | |||
| N | 50 | |||
Notes: Twenty-three (23) percent of small employers who own and operate their business primarily from the home and who do not deduct the portion of their home used for their business as a business expense for federal income tax purposes did not do si because their tax advisor coutioned against it.
