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QUESTION 18 Mike has a home office where he prepares tax returns as a side business Mike uses 450 square feet (20%) of his residence

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QUESTION 18 Mike has a home office where he prepares tax returns as a side business Mike uses 450 square feet (20%) of his residence exclusively for the business Business profit is $3.300 before any office-in-home expenses are deducted Expenses relating to the residence are as follows Real property taxes $3.000 Interest on home mortgage 7.000 Operating expenses of residence 2000 Depreciation (100% amount) 6,000 a The maximum home office expense deduction ho can take in 2021 using the regular (actual) expense method is b. The amount of expenses Rocky would carryover to 2022 i he uses the regular method is c. The amount of home office expense deduction he can take in 2021 using the simplified method is The amount of expenses Rocky would carryover to 2022, i he uses the simplified method is Rocky should use the regular method of the simplified method? (enter the letter R for regular or S for simplified) PLEASE DO NOT ENTER ANY COMMAS OR YOUR OTHERWISE CORRECTANSWER WILL BE MARKED WRONGI ENTER THE NUMBER O FOR ZERO, NOT THE WORD ZERO OR NONE AND NOT THE LETTER O

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