Which of the following statements is false regarding the business use of a home?A.Expenses incurred...
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Accounting
Which of the following statements is false regarding the business use of a home?
AExpenses incurred for the use of a persons home for business purposes are deductible only if strict requirements are met.
BAdministrative and management activities of the taxpayers trade or business conducted only at a home office do not meet the qualifications for a principal place of business.
CThe exclusiveuse test does not need to be met if the business portion of a home is used to offer qualifying day care.
DA simplified option allows taxpayers to claim $ per square foot of home office space up to sq ft
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