In this video, I will discuss how to write off expenses for your home, whether you are an individual homeowner or a business owner/investor. For individual homeowners, the main deductions are mortgage interest and property taxes. Additionally, if you sell your home after living there for at least two years, you can exclude a significant portion of the capital gain. However, for business owners and investors, a percentage of your house can become a deduction based on the square footage used for business purposes. This includes deductions for utilities, repairs, and even improvements made to the office space. Learn how to maximize your deductions and save on taxes by leveraging your home.
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