ch of the following statements regarding deductions for home office expenses is true? A.Deductions may be taken only if the home office is used for the taxpayer’s main business. B.Deductions may be claimed for regular use of a part of the home that is also used regularly by other family members for meals or homework. C.Deductions may be claimed if the taxpayer chooses to work from home in the evenings after spending the day in his office provided by his employer.
ch of the following statements regarding deductions for home office expenses is true? A.Deductions may be taken only if the home office is used for the taxpayer’s main business. B.Deductions may be claimed for regular use of a part of the home that is also used regularly by other family members for meals or homework. C.Deductions may be claimed if the taxpayer chooses to work from home in the evenings after spending the day in his office provided by his employer.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following statements regarding deductions for home office expenses is true?
A.Deductions may be taken only if the home office is used for the taxpayer’s main business.
B.Deductions may be claimed for regular use of a part of the home that is also used regularly by other family members for meals or homework.
C.Deductions may be claimed if the taxpayer chooses to work from home in the evenings after spending the day in his office provided by his employer.
D.Deductions may be taken if the home office is used regularly for meeting clients or customers in the normal course of the taxpayer’s business.
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