Fall 2001, Vol 26, No 3
Abstract: Real estate professionals should have a working familiarity with the current state of the law regarding tax deductions for offices in the home. This is beneficial because a number of them have their own home offices, either as a supplemental office or as their principal place of business. In addition, such knowledge enables them to suggest to potential homebuyer-clients, possible tax deductions they might expect in conjunction with their home purchase. While a real estate professional should not be in the position of being a tax advisor, his/her advice early in the sales process would be helpful until a buyer can follow-up with their own tax advisor for detailed information.