Is it possible to deduct mortgage payments as a home office expense for an LLC?

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Yes,

Generally, mortgage payments themselves are not directly deductible as a business expense. However, if you use a part of your home regularly and exclusively for conducting business, you may be able to deduct a portion of certain home expenses, such as mortgage interest, property taxes, utilities, repairs, and depreciation.

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This is known as the home office deduction. The deductible amount is typically based on the percentage of your home that is used for business. For example, if you use a room or a distinct area in your home solely for business purposes and this space constitutes 10% of your home's total area, then potentially 10% of your mortgage interest and other qualifying expenses could be deductible.

It's important to note that the rules for home office deductions can be quite specific and strict. The space must be used regularly and exclusively for business, and you need to have no other fixed location where you conduct substantial administrative or management activities of your business.

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Given the complexity of tax laws and the potential for significant variations based on individual circumstances, it's highly recommended to consult with a tax professional or accountant. They can provide personalized advice and ensure that you comply with all relevant IRS rules and regulations.

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