Which of the following, if any, is an advantage of using the simplified method for determining the office in the home deduction?
A)No depreciation on the personal residence has to be computed.
B)The exclusive use requirement does not have to be met.
C)It allows the expense to be classified as a deduction for AGI.
D)It can also be used for a residence that is rented (not owned) by the taxpayer.
E)None of these.

Question

Quizplus · Accepted Answer

The simplified method does not require the taxpayer to compute depreciation on their personal residence, which can be a complex and time-consuming process.

Which of the Following, If Any, Is an Advantage of Using