Cindy maintains an office in her home that comprises 8 200, Ask an Expert

Accounting

Cindy maintains an office in her home that comprises 8% (200 square feet) of total floor space. Gross income for her business is $42,00, and her residence expenses are as follows:

Real property taxes 2,400

Interest on mortgage 4,000

Operating expenses 2,200

Depreciations (based on 85 business use) 450

What is Cindy office in the home deduction base on :

The regular method?

The simplified method?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91524985

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