Homework Answers
A. home Office space = 500 sq ft
B. Total home area = 1900 sq ft
C. Business use = A/B*100 = 500/1900*100 = 26.316 %
Expenses:
Mortgage interest = 4500
Real estate taxes = 955
Depreciation = 2500
Total = 7955
Home office expense deduction = 26.316% of Total expenses = 7955 *
26.316/100 = 2093.43 rounded off to 2093$
Hence option 3 is the right answer
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