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Question 20 of 45. Geraldine owns a lighting design business as a sole proprietor and works from her home. Her business generated at profit of
Question 20 of 45. Geraldine owns a lighting design business as a sole proprietor and works from her home. Her business generated at profit of $25,800 in 2020. Geraldine wants to deduct business-use-of-home expenses. Her mortgage Interest for 2020 is $6,400, and real estate taxes are $1,495. Depreciation on the property is $4,103. Her home office is 525 square feet, and vor total home square footage is 1,800 square feet. What is Geraldine's home office expense deduction? $1,500 $2,625 $3,499 $7,895 Mark for follow up
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