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Home Office Actual Cost Direct and Indirect Expenses

Direct vs indirect home office expenses explained for Realtors using the actual cost method. Learn how Form 8829 works, what goes in Column A vs Column B, and how to avoid common software and deduction mistakes. In this lesson, we break down direct expenses that are 100% deductible and indirect expenses that must be allocated based on square footage. You’ll see real examples like painting, renovations, utilities, rent, mortgage interest, real estate taxes, insurance, HOA fees, and repairs. We also explain depreciation, carryovers, and why consistency year‑to‑year matters when using the actual cost home office method. This is a critical lesson for real estate agents deciding whether to use the actual cost method instead of the simplified method. 🧠 What This Lesson Covers What qualifies as a direct home office expense What qualifies as an indirect home office expense Column A vs Column B on Form 8829 Why most expenses are indirect Renovations vs repairs and depreciation rules Mortgage interest and real estate tax allocation Rent deductions for renters with a home office Utilities, HOA fees, insurance, and security systems Common DIY software mistakes Carryovers and why prior‑year data matters 00:00 Direct & Indirect Expenses Overview 03:06 Direct Expenses Explained 06:50 Indirect Expenses Explained 09:23 Indirect Mortgage Interest 12:40 Indirect Property Taxes 13:22 Indirect Insurance 14:06 Indirect Rent 15:07 Indirect Repairs & Maintenance 18:57 Indirect Utilities & Other Expenses 22:56 Home Office Carryovers 📺 Watch the full playlist for more tax & payroll strategies 📘 Learn deeper tax & business strategies:👉 OvernightAccountant.com 🔔 Subscribe for weekly tax, payroll, and business insights.