ilmscore | Prediction Details
"another one that you do I guess you this is your choice is the home office duction now I understand yes obviously you're on the field that's where the work takes place however you still need a place to do the administrative work whatever that may be and if you're using a place exclusively for work purposes carved out in your home then you can deduct a home office this is up to you you don't have to take this it depends on how aggressive you do want to be if you do want to take the home office deduction within that deduction you have two ways to do it you can just do the simplified method which is a very low audit risk you get five dollars a square foot and you just write how much how many square feet were used for your home office the other way is to prorate it based off the actual expenses so these are our actual expenses for rents or mortgage interest or utilities or whatnot so even within a home office you have a riskier way and you have a conservative way or you could just completely not take it it's up to you if I were in your shoes I would take it"
By ClearValue Tax | April 10, 2020 | Pending
From video
How to File Uber Taxes - Uber Tax Deductions and Tips | Uber Eats & Lyft 00:08:48 - 00:09:59
Interpreted Prediction
Uber drivers can deduct a home office if a portion of their home is used exclusively for administrative work. They can choose between a simplified method ($5 per square foot) with low audit risk or the actual expense method (prorated rent, mortgage interest, utilities), which is considered riskier.

Prediction Details

Topic
Home Office Deduction for Uber Drivers

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