Originally Posted by TomCopeland:
If you say you are open for twelve months a year, then count the utilities for 12 months. If you say you are open for 10 months a year, don't count house expenses for 12 months. If you are open for twelve months your time-space% will be lower and will be applied to 12 months of expenses. If you are open for 10 months, your time-space% will be higher but you can only deduct 10 months of expenses. In general, I think it's better to say you are open for 10 months.
Is there tax law that speaks to allowing us to say we are only open 10 not 12? My tax person goes to lots of your trainings and is on your list of tax companies but is questioning the 10 month for time. He is wondering what tax laws apply to this.