Which of the following statements regarding the home office deduction is true?
A. A home office deduction is not allowed for using the home office for administrative or management activities only.
B. The home office deduction is limited to the taxable income of the business before the deduction.
C. A depreciation deduction is not allowed for a home office.
D. In order to qualify for the deduction, a portion of the taxpayer's home must be used regularly and exclusively to meet with clients or customers.
Answer: B
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