Ah ok, so for my situation:
Home Office square footage = 130 sf
Total Apartment square footage = 576 sf
Actual Expenses Method = 130sf/576sf = 23%
My current Rent = $1,650/month (not including utilities, but I will calculate those the same way)
I've been in business for 7 months out of this year (2022)
$1,650 x 7 months = $11,550
$11,550 x .23 = $2,657
Is $2,657 the total amount I can use as an expense to get me to my taxable income?
