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-   -   How many exemptions are allowed on home based business. Is it up to 9 exemptions? (https://www.askmehelpdesk.com/showthread.php?t=251605)

  • Aug 21, 2008, 07:20 PM
    mxckthompson
    Trying to get information on the number of exemptions can be claimed on a home based business.

    Can a home based business claim 9 exemptions?
  • Aug 21, 2008, 07:25 PM
    Fr_Chuck
    First I am sorry, as to what you are actually asking,
    A home based business is not one where you get a paycheck to have exemptions but would merely include that income as part of your normal income on your taxes and/or quarterly estimated.

    Can you please explain in more detail what you are actually trying to do.
  • Aug 21, 2008, 11:23 PM
    Clough
    The laws concerning this will also vary depending on the type of home-based business that is being operated as well as where it is located, so it would help to know about those two things also.

    Thanks!
  • Aug 22, 2008, 06:36 AM
    ScottGem
    I go with Chuck's answer. Claiming exemptions is something you do on a W4 that you submit to an employer who gives you a paycheck. Unless you are paying yourself a salary, then the question makes no sense.

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