Business, 26.02.2020 22:55 inlace3609
Pete qualifies for a home office deduction. The amount of space devoted to business use is 300 square feet of the total 1,200 square feet in his apartment. Pete's total rent for the year is $9,600, and he pays utilities (other than telephone) of $2,500 for the year. Calculate Pete’s deduction for home office expenses before the gross income limitation.
Rent $
Utilities other than telephone
Total home office expenses $
Answers: 3
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Pete qualifies for a home office deduction. The amount of space devoted to business use is 300 squar...
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