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Alex Is a Self-Employed Dentist Who Operates a Qualifying Office

question 32

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Alex is a self-employed dentist who operates a qualifying office in his home.Alex has $180,000 gross income from his practice and $160,000 of expenses directly related to the business,i.e.,non-home office expenses.Alex's allocable home office expenses for mortgage interest expenses and property taxes are $14,000 and other home office expenses are $9,000.What is Alex's total allowable home office deduction?


Definitions:

Autonomic Nervous

Refers to the part of the nervous system that controls involuntary actions of the body's glands, muscles of the internal organs, and blood vessels, including the heart.

Parasympathetic Nervous

Part of the autonomic nervous system responsible for conserving energy and slowing the heart rate, enhancing digestion and relaxation.

Stimulates Digestion

The process by which various biological and chemical actions are induced to aid in breaking down food into absorbable nutrients.

Slows Heartbeat

A decrease in the rate at which the heart beats, often caused by physiological or psychological factors.

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