During 2018, Jane Mason incurred the following home expenses: Assume that Jane qualified for the home office
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During 2018, Jane Mason incurred the following home expenses:
Assume that Jane qualified for the home office deduction, all of the above expenditures qualified for the deduction as home office expenses, 8 percent of the space in the home was used for the business activity, and Jane earned \(\$ 9,000\) in 2018 after all deductions other than home office expenses.
a. Compute Jane's home office deduction for 2018.
b. Assume instead that Jane earned only \(\$ 1,000\) after all deductions other than home office expenses. What is her home office deduction?
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Related Book For
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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