What is the percent of gross income

elgara7997 — Thu, 06 Jun 2019 14:05:51 GMT

If you are asking in the context of using a home office f...

AnnetteB — Thu, 06 Jun 2019 14:05:54 GMT

If you are asking in the context of using a home office for a self-employed business, the question is asking what percentage of your business gross income is attributed to work done in your home office.

There is a limitation related to home office expenses and the income that was earned while using the home office. This question is gathering information to apply that limitation.

It is determined from your own knowledge of your business.

For example: If all your work is done in your home office, enter 100 (for 100%). But if you figure that one-fourth of your income is made outside of the home office and three-fourths of your income is made from your home office, enter 75 (for 75%).

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What is the percent of gross income

If you are asking in the context of using a home office f...