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Question
"Here is my situation. I currently own a heating and cooling business here in Indianapolis. I'm thinking about opening one in Sarasota, Florida. My plan is to work in both places. My wife and I currently rent a condominium here in Indy and we plan on renting one in Sarasota. I rent a small office for the Indianapolis location. But in Florida, I will initially run the business from a desk in the condo. Rent is $900/month at each location. We will spend around $100 each way while traveling between the locations. Not sure how much we will spend on gas. I will have employees at each location. Of course, I would be in Florida when the weather is bad here. What will I be able to write off if I live and work in both places? I would like to deduct all of the costs (rent, transportation to and from, meals, etc.). Let me know if you need further information."
What IRC codes are used to deduct all the costs in this situation and how is it deductible?
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