Question: Requirement b. Would your answer to Part a change if Noreen's net income from consulting were only $ 3 comma 480 for the year? (Noreen

Requirement b. Would your answer to Part a change if Noreen's net income from consulting were only $ 3 comma 480 for the year? (Noreen is electing to use the "actual expenses" rather than the "safe harbor" method.) Yes. The answer to Requirement a would change Yes. The answer to Requirement a would change No. The answer to Requirement a would not change if Noreen's income were only $ 3 comma 480 for the year. Part 3 Under this revised fact pattern Noreen can deduct the following. List the deductible expenses in the correct order using the rules of Reg. Sec. 1.280A-3. Amount of Deduction 1. Mortgage interest and real estate taxes 1080 2. Other home office expenses 350 3. Depreciation expense 750 Total expense for office in home 2180 Part 4 (Enter a "0" if no carryforward is allowed.) Under this revised fact pattern Noreen could carry over 0 . )Noreen's@CNUM{$3480}

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