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What is the allowable amount of her loss

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Question - Courtney, self-employed, is interested in taking a home office deduction for this year and provides you with the following information:

Gross income from business $15,000

Business supplies & expenses $10,000

Utilities and property insurance $1,000

Allocate mortgage interest & property taxes $6,000

% of home use for office 20%

Assuming she meets the qualifying tests permitting her to claim a home office deduction, what is the allowable amount of her loss, if any?

a. $0

b. $1,000

c. $3,000

d. $15,000

Reference no: EM133095911

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