Cindy maintains an office in her home that comprises 8% (200 square feet) of total floor space.
Question:
Cindy maintains an office in her home that comprises 8% (200 square feet) of total floor space. Gross income for her business is $42,00, and her residence expenses are as follows:
Real property taxes.........................................2,400
Interest on mortgage.......................................4,000
Operating....................................................2,200
Depreciations (based on 85 business use)................ 450
What is Cindy office in the home deduction base on:
A. The regular method?
B. The simplified method?
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A Regular method Home Deduction 24008 Re...View the full answer
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Related Book For 
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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