In general, total deductible home office expenses are limited to the gross income derived from the business minus business expenses unrelated to the home (that is, they are limited to net Schedule C income before home office expenses).

Question

Quizplus · Accepted Answer

This statement is true. The total deductible home office expenses are limited to the gross income derived from the business minus business expenses unrelated to the home. This ensures that the home office expenses are not claiming more than the profit earned by the business.

In General, Total Deductible Home Office Expenses Are Limited to the Gross