Hi everyone, my wife and I are going to be moving. We have two choices we've been approved for, a 1 Bedroom and a 2 Bedroom. I am going to be starting up a company and wondered if having the extra bedroom as an 'office' is a deductable expense from taxes. I live and am moving within California.

Thank you

Using a portion of your home as an office may be deductible under certain circumstances. But frankly I wouldn't bother. The benefit you gain is small and the risk of an audit is great.

Scott,

I disagree. If in fact the extra room is used as a home office, it is a legitimate tax deduction and should be pursued.

However, the OP must use the extra room exclusively as a home office. The room cannot be used as a spare bedroom, or a play room, or an entertainment center in addition to being an office.