Fin is a self-employed tutor,regularly meeting with clients in a 100 square foot area of his home.Fin is terrible at keeping records.Without the records,he will be able to deduct $500 for a home office deduction for AGI.

Question

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The IRS allows a simplified home office deduction of $5 per square foot up to 300 square feet, which means Fin can claim a $500 deduction for his 100 square foot office without detailed records.

Fin Is a Self-Employed Tutor,regularly Meeting with Clients in a 100