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C is wrong! When deducting actual expenses for the home office deduction, taxpayers are allowed to take a percentage of the home utility bills as
C is wrong!
When deducting actual expenses for the home office deduction, taxpayers are allowed to take a percentage of the home utility bills as a deduction. not allowed to carryover any excess deduction. o not allowed to allocate deductions to more than 300 square feet. allowed to reduce the net income of the business to a net loss by deducting home office expensesStep by Step Solution
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