1. Which of the following statements regarding deductions for home office expenses is true?
Group of answer choices
deductions may be taken only if the home office is used exclusively for the taxpayer's business
deductions may be taken if the home office is used regularly for meeting clients or customers in the normal course of the taxpayer's business
there is no other location where the taxpayer conducts these activities
All of the above is true
none of the above is true
2. An example of business use personal property is:
Group of answer choices
a computer in a bookkeeping business
a refrigerator in a restaurant
a truck in a catering business
a desk in an attorney's business
All of the above
1.these statements regarding deduction for home office expenses is true
Option (D) is correct :- all of the above is true
These are all :-
deductions may be taken only if the home office is used exclusively for the taxpayer's business
deductions may be taken if the home office is used regularly for meeting clients or customers in the normal course of the taxpayer's business
there is no other location where the taxpayer conducts these activities
2. Option (D) :- track in a catering business because the truck is use for personal use and his catering business.
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