Hi Robert! Thanks so much for the info session - really enjoyed it. I have a question about claiming home office expenses. If I am on a well, would things like replacing the pressure tank or buying replacement filters count against my taxes in the same way that a portion of a city water bill would? We don't pay for water as you typically would but we do pay in other ways and had to replace some equipment for the well system recently. Thanks!
Hey samalamasue. You are correct, these 'maintenance costs' could be included in the home office claim. In essence, any non-capital expenses can be pooled together, and a portion of those pooled expenses can be deducted as a home office expense. For example, if your house was 2,000 square feet and your home office was 200 square feet, you could claim 10% of the total pooled home expenses.
