Select the best answer. Which of the following regarding home office expenses is true? A. Home-office expenses do not include depreciation of the home since this expers can be elected out of by the taxpayer. Home-office expenses do not include the business portion of mortgage interest since mortgage interest is 100% deductible on Schedule A as an itemized deduction. c. Home-office expenses do not include utilities because the business owner would have to provide utilities to that space in the home whether or not business is conducted in it. Home-office expenses in excess of the gross-income limit may not be deducted in the current year but may be carried over to the next year. Submit Answers