What Do You Write Off As A Business Expense?

Ramster · 2011-08-13, 10:33 AM

Quote:

Originally Posted by Greenie

Ram - I bet you can write off that apartment.

Yes you are right I can.

One of the guys I use to see on the train to Toronto said even if you do not own a business you can right off the apartment rent because you have a residence elsewhere (home in Ottawa) and you have to travel to Toronto for work and rent an apartment in order to earn your income.

Bill · 2011-08-13, 07:01 PM

I'm also more conservative than I have to be. In the past I have not been agressive with writing off expenses.

I do however write off a home office, but very sparingly.

I was audited a few years back, I showed the auditor my home office setup, she nodded and said "that's fine". It wasn't an issue.

2011-08-13, 07:01 PM	#2
Bill Selling porn allows me to stay in a constant state of Bliss - ain't that a trip! Join Date: Apr 2003 Posts: 3,914	I'm also more conservative than I have to be. In the past I have not been agressive with writing off expenses. I do however write off a home office, but very sparingly. I was audited a few years back, I showed the auditor my home office setup, she nodded and said "that's fine". It wasn't an issue.