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A self-employed taxpayer who itemized deductions owns a home, of which 10% is used as the taxpayer's primary place of business. In the table below,
A self-employed taxpayer who itemized deductions owns a home, of which 10% is used as the taxpayer's primary place of business. In the table below, enter in the shaded cells in column C the amount to allocate to the taxpayer's Schedule C, Profit or Loss from Business. Then, in column D, enter the associated amount to be included on the taxpayer's Schedule A, Itemized Deductions. Enter income as positive value and losses and expenses as negative values. If a response is zero, enter a zero (0)
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