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How much can Jack deduct as a business-use-of-home expense

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Question - Jack operates an accounting practice out of the spare bedroom in his 8-room house and it is his principal place of business. The room is used exclusively for business purposes. Last year, Jack paid $600 for home insurance, $1400 in utilities, $2400 in property tax, $5600 in mortgage principal and $8900 in mortgage interest. He does not claim any capital cost allowance. How much can jack deduct as a business-use-of-home expense?

Reference no: EM133101762

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