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Seems like every one of these situations is different (and a bit confusing.)

My wife and I are retired now and our only source of income is Social Security, two very small pensions and what I can make investing on-line. We live in a fairly large house with a son and there is an office built as almost a separate room and used exclusively for my "work" (and a little email and surfing.) I'm reasonable sure I could figure a prorate scheme to take into account the non-income use and figure out all the costs including such things as fiber optic internet line, computer, supplies and so forth.

I actually did this when I worked as an independent consultant, claimed it and had not questions.

My question to you today is would it be worth doing this this year and in future years? My worry is that home offices wave a red flag on the exception checks and I might have to argue and end up losing anyway.

What do you think?

-- Dale in Woodville

One more data point, I try to adjust my cap gains and dividends so that I can stay below the AMT threshold. So we're not talking about a huge amount of tax in any case.
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