Hi folks,
My company's office occupies one bedroom in my primary residence. What I do as of now is writing-off some utilities expenses basing on square footage, which is relatively small percentage.
Someone told me that I, in fact, can write-off about 30-33% of utilities expenses because I have three rooms with doors and office occupies one of them. It does not have to be based on square footage. This may or may not make sense to you, but this is exactly what I heard. Any comments are appreciated.
Second question is this: Can I write off, or, rather, pay from company's account any portion of mortgage?
Thanks!
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