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Larry is employed by Amazon and works from home. His home office space is not utilized for any personal use. Larry's home office is 700
Larry is employed by Amazon and works from home. His home office space is not utilized for any personal use. Larry's home office is 700 square feet and his entire home is 7,000 square feet. During the year Larry incurred the following expenses that he would like to deduct related to his home office: alarm system for the office $500, property taxes of $20,000, utilities of $5,000, depreciation of $1,500, a pinball machine for $1,000, and home mortgage interest of $10,000. What amount of home office expense can Larry deduct on his individual income tax return? Multiple Choice $3,650 $4,150 $5,150 $0
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