Which of the following statements regarding limitations on the deductibility of home office expenses of self-employed taxpayers is correct?

Multiple Choice

• Deductible home office expenses are miscellaneous itemized deductions subject to the 2 percent of AGI floor.

• Deductible home office expenses are deducted as itemized deductions.

• Deductible home office expenses are for AGI deductions limited to gross income from the business minus nonhome officerelated expenses.

• Deductible home office expenses are for AGI deductions and may be deducted without limitation.