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Required information Skip to question [ The following information applies to the questions displayed below. ] Brooke owns a sole proprietorship in which she works
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The following information applies to the questions displayed below.
Brooke owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home where she meets with clients, prepares bills, and performs other workrelated tasks. The home office is square feet, and the entire house is square feet. Brooke incurred the following homerelated expenses during the year. Brooke itemizes her 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. Unless indicated otherwise, assume Brooke uses the actual expense method to compute home office expenses.
Real property taxes $
Interest on home mortgage
Operating expenses of home
Depreciation
Repairs to home theater room
d Assuming Brooke reported $ of Schedule C income before the home office expense deduction, complete Form for Brooke's home office expense deduction. Also assume the value of the home is $ and the adjusted basis of the home exclusive of land is $
Note: Enter percentage answers in decimal places. Use tax rules regardless of year on tax form. Input all values as positive numbers.
Brooke Taxpayer Social security number:
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