Larry qualifies for a home office deduction. The amount of space devoted to the business is 400 square feet of the total 2,000 square feet in his house. Larry's total rent on the house is $7,000, and he pays utilities (other than telephone) of $4,500 for the year. Calculate Larry's deductions for home office expenses before the gross income limitation.

Rent expense
Utilities
Total home office expenses

Question

Larry qualifies for a home office deduction. The amount of space devoted to the business is 400 square feet of the total 2,000 square feet in his house. Larry's total rent on the house is $7,000, and he pays utilities (other than telephone) of $4,500 for the year. Calculate Larry's deductions for home office expenses before the gross income limitation.
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Rent expense
Utilities
Total home office expenses

Quizplus · Accepted Answer

The Answer of Larry qualifies for a home office deduction. The amount of space devoted to the business is 400 square feet of the total 2,000 square feet in his house. Larry's total rent on the house is $7,000, and he pays utilities (other than telephone) of $4,500 for the year. Calculate Larry's deductions for home office expenses before the gross income limitation.
​
Rent expense
Utilities
Total home office expenses

Larry Qualifies for a Home Office Deduction