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wdakturbo
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I want to amend 2022 return to add $5/square foot for home office for 4 months in 2022. However Turbo Tax isn't showing line 30 in it's choices. What do I pick

This is for 130 sq ft for 6 months or $325 expense.  Revised question from 4 months to 6 months. Turbo tax isn't offering that choice.  
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I want to amend 2022 return to add $5/square foot for home office for 4 months in 2022. However Turbo Tax isn't showing line 30 in it's choices. What do I pick

Does the business show a profit? Home office is a non refundable credit so it only reduces the taxes you owe.

I want to amend 2022 return to add $5/square foot for home office for 4 months in 2022. However Turbo Tax isn't showing line 30 in it's choices. What do I pick

Some expenses, such as home office or section 179 depreciation can only be used to reduce your schedule C taxable income to zero, and not to create a loss. Excess deductions for these carry over to the next year.  And you have to answer yes to both questions about exclusive and regular use, not just one.  The area of your home office must be used regularly and exclusively for business to deduct it.

 

Or you checked the box on 32b saying Some Investment is not at risk.

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