Is Home Office Furniture Tax Deductible? If so, how much is deductible and what does that really mean?

Q. My home office is based out of Texas.

A. Home office furniture would be tax deductible, as long as you use it only for your business. If you bought a computer for use for the business, a desk to put the computer on, a lamp to shine light on the desk and the computer, a phone line for the computer to connect to the internet, these would all be deductible Home Office Furniture as long as you used them 100% for the business. If you did then 100% of what you paid for them is deductible as a business expense in the year you bought them. The only question is though, is your home office part of a Schedule C business? If so then you can list all the assets on Form 4562 and take section 179 depreciation on them. That will let you write them totally off in the year you bought them. If you have a home office as part of your job requirement, then you would still report the assets on Form 4562 and take section 179 depreciation, but the depreciation would flow through to Form 2106 - Employee Business Expenses, which would in turn flow to Schedule A - Itemized Deductions - Miscellaneous Deductions, and would have to exceed 2% of your AGI for the excess to be deductible.

What are essentials for a home office?

Q. I want to convert a section of our home basement into a home office? What are essentials to creating an excellent home office environment?

A. The first step in creating a home office plan that works is to evaluate what you plan to do in the space.

A home office can have different zones for various tasks, equipment, and furniture needs. A desk and computer area may be one zone, while bookshelves, storage, and filing are another.

Furnishings. Make sure that you allow for adequate desk space for your equipment, and space to store materials, records and supplies.

Outlets. Are there enough electrical outlets to safely accommodate all of your business equipment (computer, telephone, copier, fax, clock and desk lamps)

Invest in a second phone line for your office.

Choose bright colors that will reflect light and keep you in a productive mood.

you'll need some sort of bookshelf-or shelves-and file drawers that are easily accessible without you having to get up.

Bulletin and chalk boards are a great way to keep home office reminders front and center.

accessories like pencil holders and divided containers.

personal art and pictures, family portraits.

A computer, desk chair and obvious things like that also.

Plants help make it more inviting.

Warm lighting, stay away from fluorescent lighting.

Help with becoming a better sales person?

Q. I work for a company called Winport USA. It's a small company that imports school, home, and office furniture. The company actually has really, really nice furniture, that is not common in the US. I have to start calling schools and asking them if they are interested in buying any school furniture. I am supposed to set up a meeting with them if possible, and give them our website address.

I honestly don't even know where to start. This is my first sales job, and the entire company is counting on me. I have no experience whatsoever. Any advice?

Thanks!

A. The trick is to listen. hear what they want or need and fill that gap. Keep working even when everyone says no.

Good luck!

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