Larry qualifies for a home office deduction the amount of, Ask an Expert

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Larry qualifies for a home office deduction. The amount of space devoted to the business is 500 square feet of the total 2000 square feet in his house. Larry's total rent on the house is $7000, and he pays tilities (other than telephone) of $4500 for the year. Calculate Larry's deductions for home office espenses before gross income limitation. (show work)

Rent expense'

Utilities'

total home office expenses

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92170267

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