During 2019, Jane Mason incurred the following home expenses: Assume that Jane qualified for the home office

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During 2019, Jane Mason incurred the following home expenses:

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Assume that Jane qualified for the home office deduction, all of the above expenditures qualified for the deduction as home office expenses, 8 percent of the space in the home was used for the business activity, and Jane earned $9,000 in 2019 after all deductions other than home office expenses.

a. Compute Jane's home office deduction for 2019.

b. Assume instead that Jane earned only $1,000 after all deductions other than home office expenses. What is her home office deduction?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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