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What is cindy office in the home deduction

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Reference no: EM132657960

Problem - Cindy maintains an office in her home that comprises 8% (200 square feet) of total floor space. Gross income for her business is $42,000, and her residence expenses are as follows:

Real property taxes $2,400

Interest on mortgage 4,000

Operating expenses 2,200

Depreciation (based on 8% business use) 450

Required - What is Cindy's office in the home deduction based on:

a. The Regular Method?

b. The Simplified Method?

Reference no: EM132657960

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