Chris runs a business out of her home. She uses 500 square feet of her home exclusively for the business. Her home is 2500 square feet in total. Chris had $36,000 of business revenue and $32,000 of business expenses from her home business. The following expenses relate to her home: What is Chris' net income from her business and the amount of expenses carried over to the following year, if any?

Question

Chris runs a business out of her home. She uses 500 square feet of her home exclusively for the business. Her home is 2500 square feet in total. Chris had $36,000 of business revenue and $32,000 of business expenses from her home business. The following expenses relate to her home:  What is Chris' net income from her business and the amount of expenses carried over to the following year, if any?

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The Answer of Chris runs a business out of her home. She uses 500 square feet of her home exclusively for the business. Her home is 2500 square feet in total. Chris had $36,000 of business revenue and $32,000 of business expenses from her home business. The following expenses relate to her home:  What is Chris' net income from her business and the amount of expenses carried over to the following year, if any?

Chris Runs a Business Out of Her Home