The National Directory of Certified Public Accountants

Ask A CPA - Home Office Expenses

Can I Claim A Home Office Deduction If I Own A Cooperative Apartment ?

Yes. If you meet the exclusive and regular use criteria, ownership of a cooperative apartment will qualify for a home office deduction. You may deduct depreciation based on your stock interest in the cooperative. Speak to your local CPA about your home office deductibility.

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