Hi Mark!
I’m going to use the home office simplified method for my tax return. My question is: I have a $122 sq ft home office x 5 = $610. Is this amount to deduct the grand total, or should I be multiplying $610 * 12 months = $7,320? Appreciate your clarification!
We covered your question on the Open Forum Show today, March 28th. Should be up in the next 2-3 days. Thanks so much for listening. If you want to have a strategy session with one of our lawyers, get an Estate Plan, or set-up an Entity, please give us a call at 435-586-9366 or visit www.kkoslawyers.com. Mark and Mat