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Save Nora is a self-employed consultant who uses 25% of her residence as an office. The office is used exclusively for business and is
Save Nora is a self-employed consultant who uses 25% of her residence as an office. The office is used exclusively for business and is frequented by customers on a regular basis. Nora also uses her den as an office (5% of the total floor space of har home) to prepare bills and keep records. However, the den is also used by her children as a TV room. In 2019, Nora's net income from the consulting business (other than her home office expenses) amounts to $80,000. She is inous $1,000 of expenses directly related to the office (eg, painting of the office, window blinds). Nora incurs the following expenses in 2019 related to her residence (Click the icon to view the expenses.) Read the requirements Requirement a. Which of the expenditures above (if any) are deductible for 2019? Are they for AG or from AG deductions? Complete the table below to show the amount and classification of each of expense in (Nora is electing to use the actual expenses" rather than the "safe harbor method. Complete al input Sets Enter a "If an amount is not dadu) Amount of Type of Deduction Deduction Direct home office expenses $ 1,000 Indirect home office expenses Real estate taxes $ 3.300 Mortgage interest 8,000 Insurance 800 Depreciation 5,000 Repairs and utens 2,500 Total indirect home office expenses Total expense for office in home Data table Real estate tax $ 3,300 Mortgage interest 8.000 Insurance 800 Depreciation 5,000 Repairs and us 2.500 10.000 Total Print Done Clear all Check answer
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