Because of the Taxpayer Relief Act entrepreneurs
A) cannot take a tax deduction for a home office if the business is very small.
B) may qualify for the tax deduction even if they use their home office mainly for administrative tasks.
C) will not qualify for the tax deduction if they use their home office mainly for administrative tasks.
D) will not qualify for the tax deduction if they are in a townhouse or condo.
Correct Answer:
Verified
Q45: Which of the following might restrict home-based
Q46: Before beginning a home-based business entrepreneurs should
Q47: Home-based businesses
A) have special insurance needs.
B) may
Q48: Insurance for a home-based business
A) is automatically
Q49: A recent survey found many home-based entrepreneurs
A)
Q50: Prior to the Taxpayer Relief Act of
Q51: According to the U.S. Small Business Administration,
Q52: If an entrepreneur uses a home office
Q54: If a home is depreciated as part
Q55: The home office tax deduction is advantageous
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