Report your home office deduction information on Form 8829--Expenses for Business Use of Your Home. The deduction for the home office expense cannot exceed the gross income of the business; however, you can carry over the disallowed home office deduction to the next year.
Daoism is a system of philosophy and religion that began in ancient China. It is sometimes spelled Taoism. Along with the philosophy called Confucianism, Daoism has helped to shape Chinese culture. Confucianism focuses on human society and the duties of its members.
Conflicts with Buddhism. Daoism grew quickly from 200-700 AD, where more rituals and practices emerged. During this period, Daoism faced competition from the growing spread of Buddhism which came to China via traders and missionaries from India. Unlike Buddhism, Daoists do not believe that life is suffering.