That coworking space in Austin almost killed my quarterly taxes

Went to a trendy coworking spot downtown for a month back in March. Thought it'd be a deductible write-off no problem. But they didn't give me an itemized receipt with rent vs amenities broken out. My accountant flagged it hard said I can only write off the desk space part not the free coffee or events. Ended up losing $150 in deductions on that one spot alone. Anyone else get tripped up by coworking spaces hiding their real costs on invoices?

3 comments

3 Comments

river_thompson13d ago

Did you ask them for an itemized receipt after the fact or were they just unable to provide one?

charlie19812d ago

Never asked for an itemized receipt. That's the shady part. The real trick is checking if their invoice software lets them generate one on the spot - if it can't, they're probably running a cash operation.

blake_kelly1912d ago

Charlie, invoice software not generating itemized receipts isn't always proof of a cash operation. Some legit programs need a manual override.