# Pete qualifies for a home office deduction. The amount of space devoted to business use is 300 square feet of

## Question:

Pete qualifies for a home office deduction. The amount of space devoted to business use is 300 square feet of the total 1,200 square feet in his apartment. Pete’s total rent for the year is \$9,600, and he pays utilities (other than telephone) of \$2,500 for the year. Calculate Pete’s deduction for home office expenses before the gross income limitation.

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Related Book For

## Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

Question Details
Chapter # 3
Section: Problems
Problem: 24
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Question Posted: August 24, 2023 01:27:16