4/15 Is homeowner insurance premium deductable in federal or CA tax form?
Thanks.
\_ No.
\_ Aren't you a little late in asking this question? In case this
helps you, the answer is yes, but only if you file schedule C.
You have to be self-employed AND have a home office. All the
house related expenses related to the home office is tax deductable
including repairs, insurance, termite control, etc. The key is
schedule C. Don't even try it without a schedule C. You'll get
audited. -self-employeed sodan
\_ Thanks for the answer. I use TurboTax, so it's pretty easy to
add one more entry and re-print the forms before midnight. Too
bad I'm not self-employed.
\_ so if I file a schedule C (with income from a 1099-MISC)
how much can I reasonably use in my itemized deduction? eg,
if it was for some computer programming consulting, can I list
any computer equipment I bought, and things like bandiwdth
costs? - !op
\_ yes, computers, internet access, mileage traveling to the
job, etc are all deductable. They key is keeping written
records and act like you run a business. Separate bank
account for the business, keeping expense books, etc.
Self-employment is the key to making a lot of money AND
paying very little taxes. Hell, I can buy a brand new
car and depreciate that as a "company car" if I wanted
to. - self-employed soda.
\_ well, I guess for next year... but doesn't that mean
that you have to file *alot* of other forms? I was
reading some of the IRS pubs about various other
self-employed-type forms that you need and there
seems to be a ton. - aspiring self-employed sodan. |