Which of the following statements regarding the home office deduction is true?

Multiple Choice

The home office deduction is limited to the taxable income of the business before the deduction.

A depreciation deduction is not allowed for a home office.

A home office deduction is not allowed for using the home office for administrative or management activities only.

In order to qualify for the deduction, a portion of the taxpayer's home must be used regularly and exclusively to meet with clients or customers.