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Author Question: Alex is a self-employed dentist who operates a qualifying office in his home. Alex has $180,000 ... (Read 97 times)

rayancarla1

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Question 1

When are home-office expenses deductible?

Question 2

Alex is a self-employed dentist who operates a qualifying office in his home. Alex has $180,000 gross income from his practice and $160,000 of expenses directly related to the business, i.e., non-home office expenses. Alex's allocable home office expenses for mortgage interest expenses and property taxes are $14,000 and other home office expenses are $9,000. What is Alex's total allowable home office deduction?
◦ $9,000
◦ $14,000
◦ $20,000
◦ $23,000


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Marked as best answer by rayancarla1 on Sep 13, 2020

matt

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rayancarla1

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


AngeliqueG

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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