Question
Antonio Capellini is an accountant providing tax and accounting services as a sole proprietor. He meets all of his clients in his office in the
Antonio Capellini is an accountant providing tax and accounting services as a sole proprietor. He meets all of his clients in his office in the basement of his home. 800 square feet is considered to be attributable to his home office plus common areas. The house has 3,000 square feet of livable space. Antonio incurred the following expenses in the current year:
Business liability insurance $ 400
House insurance 880
House Utilities 2,600
Mortgage interest 5,700
Property tax 1,600
Office supplies 760
What is the maximum expense that can be claimed with respect to the amounts listed above?
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