Problem:
Alex is a self-employed dentist who operates a qualifying office in his home. Alex has $180,000 gross income from his practice and $160,000 of expenses directly related to the business, i.e., non-home office expenses. Alex's allocable home office expenses for mortgage interest expenses and property taxes are $14,000 and other home office expenses are $9,000.
Required:
Question: What is Alex's total allowable home office deduction?
- $9,000
- $14,000
- $20,000
- $23,000
Note: Please provide full description.