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2018 Tax Year Areli has a qualifying home office. The office is 500 square feet and the entire house is 2,500 square feet. Use the
2018 Tax Year
Areli has a qualifying home office. The office is 500 square feet and the entire house is 2,500 square feet. Use the following information to determine her allowable home office deduction:
Net income from self-employment, before home office deduction $ 150,000
Expenses from home (all listed at 100%):
Home mortgage interest 12,000
Property taxes 4,000
Homeowners insurance 2,500
Utilities 2,200
Depreciation on office portion of home 1,100
Select one:
a. $5,240
b. $4,140
c. $4,260
d. $21,800
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