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Author Question: Charles is a self-employed CPA who maintains a qualifying office in his home. Charles has $110,000 ... (Read 95 times)

skymedlock

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Charles is a self-employed CPA who maintains a qualifying office in his home. Charles has $110,000 gross income from his practice and incurs $88,000 in salaries, supplies, computer services, etc. Charles's mortgage interest and real estate taxes allocable to the office total $10,000. Other expenses total $14,000 and consist of depreciation, utilities, insurance, and maintenance. What is Charles' total home office expense deduction?
◦ $10,000
◦ $14,000
◦ $22,000
◦ $24,000


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Marked as best answer by skymedlock on Sep 13, 2020

wtf444

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skymedlock

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Reply 2 on: Sep 13, 2020
:D TYSM


daiying98

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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