Johnny Jobul is self employed and runs his business from his home. He has $200,000 in business

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Johnny Jobul is self employed and runs his business from his home. He has $200,000 in business income in 2020. During the current year, he has the following costs:

Utilities- $100; Maintenance- $500; Property taxes- $200; Interest on Mortgage- $6000; Repainting and rewiring the work space in home-$1430

His home office is 380 square feet. His house is 1000 square feet total. Determine the maximum work space in home deduction that would be available to Mr. Jobul.

Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.

Posted Date: Jun 14, 2024 11:38 PM

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Johnny Jobul is self employed and runs his business from his home. He has $200,000 in business

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