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I wrote...


Question 2:

I live and work on the east coast, 800 miles away from my employer in the midwest. I work from my house, where I have converted a large basement room for exclusive office work where I work all the time.

[snip]

For this, my employer pays me a monthly amount considered as "rent" for the use of my space and my computer and fax equipment...

[snip]

Can I deduct this "rent" from my taxable income?



to which, jocave kindly replied...


I can see no reason to deduct the rent-- it's income.

It certainly sounds like you could take a home office deduction however, which will probably allow you to deduct expenses which approximate the "rent" your employer is paying you.


causing me to thank jocave, and ask further...

should this "rent" income (reported on 1099-misc, box 1 as rent, be reported by me in Schedule C, or Schedule E, or elsewhere such as Form 8829 (expenses for business use of home) or Form 2106 (employee business expense).

Hope to hear from jocave (or anyone soon).

Tia,

pkishor.
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