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Anne has a qualified home office which takes up 400 square feet of her 1,200 square foot home. The allowable depreciation from the business use
Anne has a qualified home office which takes up 400 square feet of her 1,200 square foot home. The allowable depreciation from the business use of the home is $1,000. Also, Anne paid $1,000 of total interest for the home mortgage in 2019. Which method should be used for determining the home office deduction and how much is the deduction? Actual; $1,333. Simplified; $1,500. Simplified; $2,000 Simplified; $2,500...
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