Larry qualifies for a home office deduction.The amount of space devoted to the business is 500 square
feet of the total 2,000 square feet in his house.Larry's total rent on the house is $6,000,and he pays utilities other than telephone)of $3,000 for the year.Calculate Larry's deductions for home office expenses before the gross income limitation.
Rent expense Utilities
Total home office expenses

Question

Quizplus · Accepted Answer

The Answer of Larry qualifies for a home office deduction.The amount of space devoted to the business is 500 square
feet of the total 2,000 square feet in his house.Larry's total rent on the house is $6,000,and he pays utilities other than telephone)of $3,000 for the year.Calculate Larry's deductions for home office expenses before the gross income limitation.
Rent expense Utilities
Total home office expenses

Larry Qualifies for a Home Office Deduction