This is a very nice paper and reads very well. Thank you for another job well done!
Martin has a home office for his business as an agent for rock-and-roll bands. The business shows a loss of $2,000 before home office expenses. How should the home office expenses be treated? Choose one answer. a. Because of the business loss, home office expenses can not be deducted and are lost forever b. Because of the business loss, home office expenses can not be deducted in the current year but can be carried forward to the next year c. The home office expenses increase the business loss in the year they are incurred and are fully deductible in that year d. The home office expenses increase the business loss in the year they are incurred and are 50% deductible in that year
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