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Required information Skip to question [ The following information applies to the questions displayed below. ] Rita owns a sole proprietorship in which she works
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The following information applies to the questions displayed below.
Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home square feet where she meets with clients, prepares bills, and performs other workrelated tasks. Her business expenses, other than home office expenses, total $ The following homerelated expenses have been allocated to her home office under the actual expense method for calculating home office expenses.
Real property taxes $
Interest on home mortgage
Operating expenses of home
Depreciation
Also, assume that, not counting the sole proprietorship, Rita's AGI is $ Rita itemizes deductions, and her itemized deduction for nonhome business taxes is less than $ by more than the real property taxes allocated to business use of the home.
Assume Rita's consulting business generated $ in gross income.
Note: Leave no answer blank. Enter zero if applicable.
c Given the original facts, what is Rita's AGI for the year?
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