How To Setup a Home Office Deduction (Full Walkthrough)

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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxes #taxfreeliving #taxexpert #taxreduction #llc

#taxes #taxfreeliving #taxexpert #taxreduction


Starting a new business? Tax expert Karlton Dennis is here to show you the Top 5 things YOU should be most focusing on as you go through the steps of starting your business.

Some of these include:
-Taking an income-first approach
-Understanding what kind of people are under more scrutiny from the IRS
-The importance of liability and your new business!


⚠️ #TaxDeductions #Taxes #llc ⚠️
Take a walk-through with tax expert Karlton Dennis on how to take a home office deduction in a rented apartment, step-by-step!

It's simple! We will
-take a tour of the entire (rented!) apartment
-figure out which spot in the place will be the permanent home office
-then do some simple math to conclude what the overall tax savings will end up as!

Watch this video to avoid overpaying to Uncle Sam and to get educated on how to leverage the tax code!

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

[jenniferjace]

I loved this video SOOO much value. I can't wait to apply what I learned here. Mind blown! Thanks SO much, Karlton.

[kristycollins]

As a new Business Owner, this is my first Tax Filing opportunity without a W2 income. Thank you so much for making this video and literally turning on the lights as to how the Home Office Deduction is supposed to work for my best interest. 👍🏽😉

[mcf]

I just want to thank you for such a clear breakdown. I appreciate you!

[aryeljamese]

Love the creativity of the beginning of the video! A good laugh! You getting better and better at this! Great information as always. So proud of you! Keep going❤️

[tranquilityhub]

Simply one of the best Youtubers in the game!!!!🔥🔥🔥🔥, I can't wait to meet you!!! Much Respect. Also, if your paying attention; Karlton is giving away little tax deduction nuggets throughout the entire video.

[ky]

Omg, thank you thank you! Even my CPA never explained this to me. Your explanation are so clear and understandable. 🙏

[RolindaP]

I came across your channel today and I am thoroughly impressed. My husband just started a second business and with this business we have actually created a home office. This video I exactly what I needed. I appreciate your knowledge and I appreciate you sharing you knowledge with people like me🙏🏽❤️

[laschell]

I need help in my 60s and own my home! Please, I am a 1099 disabled person who wants to grow enough to be free of the government “ telling us”, you can only make a little cash or lose it all!!!
Your one of the most impressive people I’ve ever seen on REAL TAX LIFE!

[dad]

I must say you legit had me reach enlightenment with taxes and owning a business. I haven’t been this inspired for years and thanks to your videos I’ve been able connect the dots and now have the confidence to start a business thus taking steps to my finical freedom. Legit putting everything you’ve taught me in action next year and using the rest of this year to keep learning and reaching so I can be successful once I start. Thanks to your teaching I’ll be able to pour more into my family and make my dreams come true. Please never stop offering this help/advice that you are giving out.

[jaredgutierrez]

Not sure why this popped up on my feed, but this is awesome. new subscriber here. Great stuff. Love the content!

[gregoryrichardson]

Such a professional, informative and interactive video. I like this 👍

[CorneliusSmalleliterealtor]

great information. I've been selling real estate in GA for almost 15 years. Using the percentage method for a while now but I see there is still money being left on the table. Thanks

[marvfromthecity]

Real talk, watching this channel and learning the game has been life changing. Thank you.

[riyadblue]

Thank you ! You made that soooo clear like never before !

[EstMeaVita]

You are amazing! Thank you so much for sharing your knowledge. I didn't know any of this. I'm shocked by the amount of money that I've been leaving on the floor. Thank you!

[g.pearson]

I'm subbing ‼‼‼
You're great at what you do‼‼‼ I'm not an accountant but I have a love for telling people what their deductions are 🥰
My mother owns multiple businesses and her accountant doesn't give her the best deductions
I'll send her your video.

Thank you for sharing

[QueenTappan]

happy I found this page definitely going through your team to create my LLC & learn how to file my taxes thank you!!

[dizzyu]

This needs to go viral, props to the very entertaining intro lol, thanks for including the bathroom I was wondering cause I wouldn't want to have a meeting and the bathroom was my private bathroom lol

[blackpearls]

This is amazing awesomeness!! You saved me from procrastinating doing my taxes. This is so fire! I am a new 1st owner occupied - landlord/property manager. How do I take deductions for shared household cleaning items?

[j.d.lindsey]

Great video! Loved seeing an on-site walk through and breakdown on the whiteboard. You do such a great job of simplifying concepts that others try to make sound so complicated. Keep ‘em coming 👍🏻