Anna is a self-employed newspaper columnist who does her work exclusively from a home office. Anna had a bad year and her taxable income from her business is only $2,000 before the home office expenses this year. Her office takes up 250 square feet of her 1,000 square feet apartment. The total expenses for her apartment are $8,000 for rent, $1,000 for utilities, $200 of renter's insurance, and $800 for pest control and other maintenance. What is Anna's home office deduction? Please show your calculations.

Question

Quizplus · Accepted Answer

The Answer of Anna is a self-employed newspaper columnist who does her work exclusively from a home office. Anna had a bad year and her taxable income from her business is only $2,000 before the home office expenses this year. Her office takes up 250 square feet of her 1,000 square feet apartment. The total expenses for her apartment are $8,000 for rent, $1,000 for utilities, $200 of renter's insurance, and $800 for pest control and other maintenance. What is Anna's home office deduction? Please show your calculations.

Anna Is a Self-Employed Newspaper Columnist Who Does Her Work