Roland, a self-employed stenographer who files a Schedule C, uses a room in his home exclusively for preparing depositions, producing documents, and negotiating contracts with clients. The room is not used for any other purpose. Since the room in Roland's home is a separately identifiable space and is used only for his business, it meets which requirement and may qualify for a home office deduction under the general rule? A) Office Equipment Requirement B) Exclusive Use Requirement C) Regular Use Requirement D) Principal Place of Business Requirement
Roland, a self-employed stenographer who files a Schedule C, uses a room in his home exclusively for preparing depositions, producing documents, and negotiating contracts with clients. The room is not used for any other purpose. Since the room in Roland's home is a separately identifiable space and is used only for his business, it meets which requirement and may qualify for a home office deduction under the general rule? A) Office Equipment Requirement B) Exclusive Use Requirement C) Regular Use Requirement D) Principal Place of Business Requirement
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Roland, a self-employed stenographer who files a Schedule C, uses a room in his home exclusively for preparing depositions, producing documents, and negotiating contracts with clients. The room is not used for any other purpose. Since the room in Roland's home is a separately identifiable space and is used only for his business, it meets which requirement and may qualify for a home office deduction under the general rule?
A) Office Equipment Requirement
B) Exclusive Use Requirement
C) Regular Use Requirement
D) Principal Place of Business Requirement
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