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October 13, 2021
Question

I just started onlyfans and similar work, how can I figure what portion of my rent I can write off? I only ever work from my home, but I work in various rooms and areas?

  • October 13, 2021
  • 1 reply
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I film, do shoots, and do administrative tasks all over my house, just based on where I feel it will be done best, not to mention taking calls or doing live videos. Pub 587 doesn't seem to take into account an industry like this. I run my business solely out of my home, and I could not continue without doing so. Also, taking client calls from the home doesn't seem to qualify according to Pub 587 as a form of "a place to meet clients..." but obviously in this line of work, taking calls is a vital part of the business and the only way in which I do meet with them, and I can only take these calls from my home. I guess I'm just confused, because I use so much of my home to work all the time, so guidance would be appreciated.

1 reply

October 13, 2021

I have some information to share with you, @onlystormii-gmai.


To figure out what portion of your rent you can write off, it would be best to consult a tax adviser to guide you further. You can also check Publication 587 for more insights.


You can visit our ProAdvisor website to find an expert near you if you don't have one. Just simply enter your city, state, or ZIP code.


I’ve attached this reference to learn more about Schedule C categories and how to categorize transactions in QuickBooks: Schedule C and expense categories in QuickBooks Self-Employed. It makes sure income and expenses are recorded accurately.


If you have any other questions or concerns about your business, please don’t hesitate to add a reply below. I’m always here to help. Take care!