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Brooke owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home where she meets with clients,
Brooke owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home
where she meets with clients, prepares bills, and performs other workrelated tasks. The home office is square feet,
and the entire house is square feet. Brooke incurred the following homerelated expenses during the year. Brooke
itemizes her deductions, and her itemized deduction for nonhome business taxes is less than $ by more than the
real property taxes allocated to business use of the home. Unless indicated otherwise, assume Brooke uses the actual
expense method to compute home office expenses.
Required:
a What amount of each of these expenses is allocated to the home office?
b What are the total amounts of tier tier and tier expenses, respectively, allocated to the home office?
c If Brooke reported $ of Schedule C net income before the home office expense deduction, what is the amount of her home
office expense deduction, and what home office expenses, if any, would she carry over to next year?
e Assume that Brooke uses the simplified method for computing home office expenses. If Brooke reported $ of ScheduleC
net income before the home office expense deduction, what is the amount of her home office expense deduction and what home
office expenses, if any, would she carry over to next year?
Note: Leave no answer blank. Enter zero if applicable.
Complete this question by entering your answers in the tabs below.
If Brooke reported $ of Sche Required C income before the home office expense deduction, what is the amount of
her home office expense deduction, and what home office expenses, if any, would she carry over to next year?
Note: Leave no answer blank. Enter zero if applicable. Do not round intermediate calculations. Round your final
answers to the nearest whole dollar amount.
I just need help with C and E
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