Question: Corey has a $ 1 , 2 0 0 home office deduction carryforward from the prior year. He has decided to use the simplified method

Corey has a $

1, 200

home office deduction carryforward from the prior year. He has decided to use the simplified method for calculating the home office deduction in the current year. Which of the following statements is CORRECT regarding the home office deduction?

Multiple choice question.

Corey will lose the carryforward for all future years if he uses the simplified method in the current year.

Corey can use the carryforward in the current year as long as he used the simplified method in the prior year.

Corey cannot switch to the simplified method if he used the actual expense method in the prior year.

Corey cannot use the actual expense carryforward as a deduction in the current year if he is using the simplified method.

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