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01/30/2011

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Deanna Schiesser

Why can't hours spent shopping or at training count in T/S?

Tom

Because you aren't using your home when you are away from it. Since the time-space % is based on your use of the home, it doesn't make sense to count hours when you are not using it.

Sarah Uhrich

If I am closed for the summer, would I still use 8760 hours to figure my time/space? Or would I adjust that number accordingly? Thanks!

Tom

No. If you were closed for 3 months and used a lower number of hours for the year, you would claim house expenses for only 9 months. It's not worth doing this.

Allison

I have a detached garage. It is used to store freezer food, and extra toys/equipment.
Because it's detached, can I include it in the t/s formula?
Would it still be included if food and equipment were not there?
I also have outbuildings, including a shop and an old barn... Surely these don't have to be included, right?

Tom

You must include your detached garage as part of the total square feet of your home. Because it's used on a regular basis in your business, you can count the space as regular use space. It could still be counted as regular use space if you also had a garbage can, garden equipment, toys, car, etc that you used in your business. Other outbuildings should also be counted as part of the square footage of your home. If they are used in your business you can also count them as regular use space.

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