Question: For each statement below, select either Advantage or Disadvantage to classify them with regard to the Simplified Method for determining the office in the home

For each statement below, select either "Advantage" or "Disadvantage" to classify them with regard to the Simplified Method for determining the office in the home deduction.

.

Some actual expenses

(

homeowners insurance, utilities

)

are ignored in computing the deduction.

AdvantageDisadvantage

.

A standard square foot amount is set, thus simplifying recordkeeping.

AdvantageDisadvantage

.

The maximum deduction is $

1, 500 .

AdvantageDisadvantage

.

The unused deduction can not be carried over to a future year.

AdvantageDisadvantage

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