🏠 The Home Office Trap: When Your Desk Becomes a Taxable Asset

The rise of remote work has made the TPP tax relevant to millions of Florida residents who now run a legitimate business from their kitchen table or spare bedroom.

If you use personal property exclusively for your home and family, it is exempt as "household goods." If you use the property to generate business income, it is TPP and must be reported.

- If the computer is 100% used for the business (e.g., graphic design, coding), it is TPP.

- If you purchased a desk, chair, and filing cabinet specifically for your dedicated home office space, they are TPP.

- If you use the printer 90% for business, you must report it.

For most home-based contractors, the total value of TPP (even if reported) falls well below the $25,000 exemption. However, you must file the initial DR-405 on time to officially claim that exemption and establish your compliance record.