Jim used the actual expense method of determining his Home Office deduction last year and was required to carry over expenses of $1500 how much of that carried over expense can he deduct this year when he uses a simplified method assuming he uses 10% of his home for business purposes?
Jim used the actual expense method of determining his Home Office deduction last year and was required to carry over expenses of $1500 how much of that carried over expense can he deduct this year when he uses a simplified method assuming he uses 10% of his home for business purposes?
Chapter9: Deductions: Employee And Self- Employed-related Expenses
Section: Chapter Questions
Problem 28P
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Jim used the actual expense method of determining his Home Office deduction last year and was required to carry over expenses of $1500 how much of that carried over expense can he deduct this year when he uses a simplified method assuming he uses 10% of his home for business purposes?
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