In-Home Office Expenses Which Are Not Deductible in the Year

question 31

True/False

In-home office expenses which are not deductible in the year in which the costs were incurred due to limitations may be carried forward to subsequent years.

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Definitions:

Linear Perspective

A technique in art to create an illusion of depth on a flat surface by converging parallel lines towards a single point on the horizon.

Perceptual Adaptation

The ability to adjust to changed sensory input, including an artificially displaced or even inverted visual field.

Binocular Cue

A depth cue, such as retinal disparity, that depends on the use of two eyes.

Ground

The reference point in an electrical circuit from which voltages are measured, a common return path for electric current, or a direct physical connection to the Earth.