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Home Office Expenses

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  4. Can I claim a home office deduction if I own a Cooperative apartment ?

Can I claim a home office deduction if I own a Cooperative apartment ?

Yes. If you meet the exclusive and regular use criteria, ownership of a cooperative apartment will qualify for a home office deduction. You may deduct depreciation based on your stock interest in the cooperative. Speak to your local CPA about your home office deductibility.

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