Jamison is self-employed and he works out of an office in his home. After allocating the home-related expenses between the business office and the rest of the home, which of the following statements regarding the sequence of deductibility of the expensesallocated to the home office business use is correct (Jamison does not use the simplified method for determining the home office expense deduction) ?
A) Other expenses, property taxes and interest expense, depreciation expense.
B) Depreciation expense, other expenses, property taxes and interest expense.
C) Other expenses, depreciation expense, property taxes and interest expense.
D) Property taxes and interest expense, other expenses, depreciation expense.
E) None of these statements is correct.
Correct Answer:
Verified
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