stevemia
Mar 4, 2010, 12:21 PM
I'm a sole-proprietor independent contractor (sch c) and pay my mortgage for my home in Florida. My business is in NYC and I pay rent for the apartment. Ive been trying to sell the business but the economic situation has prevented it.
In the past, I have just been filing taxes in NYC and paying all three taxes but I'm wondering if I'm not losing a ton of deductions by being able to deduct the cost of rent.
One accountant tells me it's perfectly legal and another one tells me that I cannot do it. Any help?. Thanks.
In the past, I have just been filing taxes in NYC and paying all three taxes but I'm wondering if I'm not losing a ton of deductions by being able to deduct the cost of rent.
One accountant tells me it's perfectly legal and another one tells me that I cannot do it. Any help?. Thanks.