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janepodelluu
Level 1
October 11, 2019
Question

I'm confused: "Tell Us About Your Home" in home office section. It asks if I bought or owned more than one item, piece of equipment. Then asks cost of my entire home?

Do I enter the cost of my entire home even though the section is about home office?

2 replies

tygrtchr
tygrtchr
Level 7
November 23, 2019

If you maintain a home office in a section of your home exclusively designated as an office (or business inventory), you will only be able to claim that percentage of your home.  In order to determine the amount allowed for the home office, they must know the value of the entire home.

    Carl
    Level 11
    CarlLevel 11
    Level 11
    November 24, 2019

    It asks if I bought or owned more than one item, piece of equipment.

    Just answer NO, and press on.

     

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