Answer Posted / sweety jain
Direct expenses are those that benefit only the part of
your home that is used for your trade or business. Direct
expenses are 100% deductible. For example, if you have
expenses for repairing or painting the specific area or
rooms you use for business, these would be direct expenses.
Indirect expenses are for keeping up and running your
entire home, including both the business and personal
portions. On the tax form, you report 100% of these
expenses and then apply the percentage you calculated for
business use of your home to determine the portion of these
overall expenses that apply to your business.
Is This Answer Correct ? | 38 Yes | 16 No |
Post New Answer View All Answers
ACCOUNTING CONCEPTS AND CONVENTIONS
institutional investors?
What is money measurement concept
Explain significance of Nastro and Vastro in accounts?
Interest earned on investments is an__________
EXPAND___________NAA
WHAT IS THE DIFFERENCE BETWEEN SEND FOR APPROVAL (WITHOUT PARKING) AND ASSIGNMENT CORRECT IN MYSAP FI POSTING?
where we have file E-returns in SAP FICO-CIN/Wtax?
Short Answer on ___________fluctuating capital
in a every intervew asking one common question why you are living current employer, which is the best answer
What are different types of reports made in tally
what are the steps used in UAT in Oracle Apps?
Short Answer on __________Trade
How to Calculate PF with interest or without interest.
Please explain a Representative Personal Account.