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I plan to start up a Sole Proprietorship company in California. My question is that whether the following things are tax deductible? How I can get the money? (Should I reimburse myself?)

  1. home office (I stay in a rental apartment now, but I will buy my house in two months)
  2. internet (I use my internet at home to work)
  3. computer usage (I use my home computer to work, can I say that I rent my computer for $xx per month)
  4. car repair (I drive to customer location by my car)
  5. health insurance (Can I offer my only employee,myself, health insurance? will it be tax deductible)
  6. meals with business related people

Thanks

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This is a question to ask your accountant. Beware of course that you may need to declare some of these 'business' usages to various providers if you wish to claim the tax benefits, and this in turn may raise the prices beyond the anticipated savings. – Nick Stevens Sep 1 '12 at 20:49

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