Deductible home office expenses include the following expenses except:
A)Allocated rent or mortgage interest
B)Depreciation in excess of income from the business
C)Office telephone and fax machine costs
D)Supplies related to the home office

Question

Quizplus · Accepted Answer

Depreciation in excess of income from the business is not deductible as a home office expense. Home office deductions are limited to the income generated from the business, and you cannot use home office expenses to create a loss on your tax return.

Deductible Home Office Expenses Include the Following Expenses Except