Question
Rebecca has a qualifying home office for her legal practice. The room is 600 square feet and the entire house is 3,000 square feet.
Rebecca has a qualifying home office for her legal practice. The room is 600 square feet and the entire house is 3,000 square feet. Use the following information to determine her allowable home office deduction under the actual expense method. Revenue from legal practice Expenses from legal practice Expenses from home (100%) Home mortgage interest Property taxes Homeowner's insurance Utilities Cost to install hot hub Depreciation $3,500 home office deduction None of the answers are correct. $4,260 home office deduction $2,660 home office deduction $16,500 home office deduction $160,500 $157,000 $10,000 $3,300 $2,000 $1,200 $5,000 $4,800
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Authors: John J. Wild, Ken W. Shaw
2010 Edition
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