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Narith operates a small consulting business from his home. The office in his home is his principal place of business. Which of the following correctly
Narith operates a small consulting business from his home. The office in his home is his principal place of business. Which of the following correctly describes the home office expenses that can be deducted for tax purposes for 2022?
He can only deduct property taxes and utilities.
He can deduct mortgage interest, property taxes, utilities, insurance, and repairs.
He can only deduct property taxes, utilities, and repairs.
He does not qualify for home office deductions.
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