A self-employed individual uses their home office exclusively and solely for business purposes. Which form...

80.2K

Verified Solution

Question

Accounting

A self-employed individual uses their home office exclusively and solely for business purposes. Which form do they file to claim depreciation as part of their home-office expense deductions?
Form 1040(U.S. Individual Income Tax Return)
Form 4562(Depreciation and Amortization)
Form 8829(Expenses for Business Use of Your Home)
Schedule A (Itemized Deductions)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students