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The simplified home office deduction is not calculating correctly; why?
My home office is 150 sq feet. With the simplified home office deduction at $5/sq foot, my deduction should be $750. I have done it 5 times now and it keeps coming out as $321; what am I doing wrong?
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June 3, 2019
10:14 AM
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Get your taxes done using TurboTax
How much net profit do you have?
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
June 3, 2019
10:15 AM
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Get your taxes done using TurboTax
Ahhhh, $321. Can you not have a negative profit if you choose the simplified version?
June 3, 2019
10:15 AM
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Get your taxes done using TurboTax
That's correct.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
June 3, 2019
10:15 AM
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