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Business, 07.04.2020 15:54 Kstearns694

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?

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Charles is a self employed CPA who maintains a qualifying office in his home. Charles has $110,000 g...
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