Coltrane
1000+ Head-Fier
- Joined
- Sep 12, 2005
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This might be really simple, but I have no idea. This is the first year ive really made enough money to worry about taxes, and my tax bill looks to be MUCH higher than expected.
1. If I work from home, but I get a W2, can I still write off a home office? ALL of my work is from home. (With my 1099 I see a place on Turbotax for home business info, but not W2)
2. Can I write of previously purchased items as a business expense if I use them only for my business? (i.e. a guitar I previously owned that I now use only to teach guitar)
Any help would be appreciated. Thanks!
1. If I work from home, but I get a W2, can I still write off a home office? ALL of my work is from home. (With my 1099 I see a place on Turbotax for home business info, but not W2)
2. Can I write of previously purchased items as a business expense if I use them only for my business? (i.e. a guitar I previously owned that I now use only to teach guitar)
Any help would be appreciated. Thanks!