Home is 20 feet x 30 feet (it has three floors and all three floors are useable)
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Home is 20 feet x 30 feet (it has three floors and all three floors are useable) One bedroom (10'x16') designated for Office Expenses per year: Utilities $10,000.00 M&R $2,000 Mortgage Interest (3.95% and mortgage is 1.5 million) Insurance $1,500.00 Property taxes $7,000.00 What is the Allowable Office in the Home Deduction? Tax Implications (Home Office)??
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: