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Department of the Treasury Internal Revenue Service Contents Introduction ........................................................ 2 Qualifying for a Deduction ................................ 2 Figuring

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What is publication 587 business use?

Publication 587 provides information on the use of a home for business purposes and explains how to figure the deduction for business use of your home.

Who is required to file publication 587 business use?

Individuals who use a part of their home for business purposes and want to claim the home office deduction on their tax return are required to refer to and complete Publication 587.

How to fill out publication 587 business use?

To fill out Publication 587, individuals need to carefully read the instructions and follow the step-by-step guide provided. They will need to gather relevant information regarding the use of their home for business purposes, calculate the deduction for business use of their home, and report it correctly on their tax return.

What is the purpose of publication 587 business use?

The purpose of Publication 587 is to provide guidance and instructions to individuals who use a part of their home for business purposes and need to determine the tax deduction they can claim for such use. It helps them understand the rules and requirements for claiming the home office deduction.

What information must be reported on publication 587 business use?

Publication 587 requires individuals to report various information, such as the amount of square footage used for business purposes, total square footage of their home, direct and indirect expenses related to the business use of their home, and other relevant details required to accurately determine the deduction for business use of their home.

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