Cindy, who is self-employed, maintains an office in her home that comprises 28% (360 square feet)...
Cindy, who is self-employed, maintains an office in her home that comprises 28% (360 square feet) of total floor space. Gross income for her business is $50,150, and her residence expenses are as follows:
|
If required, round your final answer to the nearest dollar.
a. What is Cindy's office in the home deduction
based on the regular method?
$
b. What is Cindy's office in the home deduction
based on the simplified method?
$
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Cindy, who is self-employed, maintains an office in her home
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