1. Which of the following statements regarding deductions for home office expenses is true?

Group of answer choices

deductions may be taken only if the home office is used exclusively for the taxpayer's business

deductions may be taken if the home office is used regularly for meeting clients or customers in the normal course of the taxpayer's business

there is no other location where the taxpayer conducts these activities

All of the above is true

none of the above is true

2. An example of business use personal property is:

Group of answer choices

a computer in a bookkeeping business

a refrigerator in a restaurant

a truck in a catering business

a desk in an attorney's business

All of the above