Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to claim home office deductions [title] Meet the irs definition of a home office. [step] To claim a deduction for your home office, the irs requires that you use a portion of your home " exclusively and regularly " for your principal place of business. That home location can also be the place you routinely deal with customers, clients or patients.

Ending1: For the purposes of the irs, the area used as your home office does not have to be furnished as an office. You can use it for storage, as a laboratory, showroom or day-care center. Ending2: [substeps] Understand that your home office deduction is a percentage of the processing of your home office. You usually have no amount of profit generated and the amount of the costs is determined on your home office deduction. Ending3: Consider that your home office policy is now clarified in which hemisphere you operate your business and perhaps also your tax company. [substeps] This means you usually do not sit in a sitting office on your home office policy. Ending4: [substeps] Your home office is only where deductions are made. You will need to pay any deductions before you can claim your home office deduction.

Answer format: ending1/ending2/ending3/ending4