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I have a rental income suite in my home. I am also newly self-employed and work from home. Do I enter my home expenses under one or the other, or both?
The rental suite is 30% of the home, and I have claimed this income and deductions in previous years.
My home office is 20% of the home. I claimed this using the flat rate method while I was employed elsewhere. Now that I am self-employed, can I use the detailed method? Can I claim the home expenses in both places, or just one?
My home office is 20% of the home. I claimed this using the flat rate method while I was employed elsewhere. Now that I am self-employed, can I use the detailed method? Can I claim the home expenses in both places, or just one?
May 1, 2023
10:22 PM