4 ms·
I suspect that there is a lot of (not really) grey area here. My impression is that many homeschoolers wind up working with other people, so at least some of th
by larkost 3y ago
I suspect that there is a lot of (not really) grey area here. My impression is that many homeschoolers wind up working with other people, so at least some of the time they have other people's kids in their home. It would be fairly easy to brand this as a small business, argue a tax loss, and take deductions on part of your home.
And there are a lot of similarly shady deductions out there. I had a co-worker whose wife was a dentist and owned her own practice. He was telling me about how great it was that they were able to expense her car every time they bought her a new one. But when I asked: the only business use of it she has is to drive back and forth to the office. She never drives to other work locations with it, and including that commute, all of her uses of it are personal (commutes are not business expenses). When I pointed out that this means that it can't be a business expense (my wife was taking a tax course at the time), he insisted that all of her dentist friends did the same, and that it was "standard practice".