Taxpayers using the simplified method for computing home office expenses do not deduct depreciation expense for the home office use.

Question

Quizplus · Accepted Answer

The simplified method allows taxpayers to use a standard rate for calculating home office expenses based on the square footage of the home office. This rate includes expenses such as rent, utilities, and maintenance, but does not include depreciation expense.

Taxpayers Using the Simplified Method for Computing Home Office Expenses