Why Jake's home office barely helped his refund
ISSUE NO. 64 WEEKLY CFO BRIEF A practical weekly field note from Basta CPA. THIS WEEK'S STORY Jake thought his home office was covered. It wasn't. Samy Basta, CPA Jake runs a residential remodeling business up in Sacramento. He got on Zoom with me in April with one question. "Why is my refund so small? I thought the home office was covered." I asked him what he meant by covered. "The lease," he said. "My company rents my home office from me. Twelve hundred dollars ($1,200) a month. My buddy's...