How does "live/work" work?

"Live/work" means it's okay for you to have office visitors to your home. I don't know how videography works, but usually the phrase "live/work" is use to attract people who will have a number of clients/suppliers coming in and out -- psychiatrists, say, or fashion designers -- businesses that would not necessarily be welcome/permitted by just any residential building.

That's a separate issue from home office tax deductibility, which isn't between you and the condo board -- it's between you and the IRS and your accountant. I would definitely consult an accountant before taking home office deductions, because there for one, there are all sorts of rules about whether you dual-use the space, and second, taking the home-office deduction can change the cost basis of the property, which changes the tax treatment when you sell.

ali r.
{downtown broker}

Oooh. That makes sense. Thank you for that answer!

Hmmm ... I could see how a co-op board could cause trouble, but can a condo building try to restrict the flow of visitors to your apartment for whatever reason? I thought freedom to do pretty much anything are why condos are more expensive. You pay more for more control & rights.