Which of the Following Statements Regarding the Home Office Expense

Multiple Choice

Which of the following statements regarding the home office expense deduction is correct?

A) Taxpayers may allocate expenses of the home to the home office based on the size of the office relative to the size of the home.
B) A taxpayer is not allowed to deduct any home office expenses unless the taxpayer has no other place to do business.
C) A taxpayer is not allowed to deduct any depreciation associated with a home as a home office expense.
D) A taxpayer must own a home in order to claim home office expenses.