Worth to do taxes and expect a refund?

Originally Posted by easyrecycle

Not true. When you claim part of the house as business use it acts like a month to month rent. Does not matter if you own the house the sq feet it uses has a value and since you are not using that part as a home but to make money..it can be added as a cost of the household. So when you sell..its your house you just "rented" part of it out to a company (your name) or if you took out a DBA then it would be under that name.

Also, you do not need a DBA or any license to start a company (in most counties/states) as long as your not using some name you came up with but your name as "jack joe" but need to look into zoning laws as that can be an issue in some cases.



I am not attorney and I am not CPA. Any advice I give is up to you to look into.

I figure my tax person knows what the rules are and thats what she told me, it would have to sell as part business and it depends on gains if you are excluded from reporting the sale.