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Get your taxes done using TurboTax
Thanks for your reply.
This is the only error I have and it's preventing me from filing our return.
I verified all my business and home office information, expenses, and assets were entered properly, but the dropdown list on Line 5 of Form 8829 Asset Entry Worksheet is still not showing the "M-Home Office" option.
I then tried adding a second home office for this business, making it so I split my work between two home offices. I entered direct and indirect office expenses everywhere I could, but I still got an error and the Line 5 dropdown list for the new office was highlighted red. Option M was not in the list for either office.
Next. I tried deleting both offices and started over. It showed no home office in the forms or on the step through screen under the Home Office summary. I added a new office, walked through everything, and entered a bunch of expenses. I ran an error check and got the same error, Line 5 was red and the dropdown list did not show option "M-Home Office".
Finally, I started a whole new return from scratch with no import, like I was a new TTax user. I entered business income and expenses, a vehicle, and a home office info and expenses. I added a few assets to depreciate, including an improvement to the home office. Same error, same result.
I checked my 2019 return, and the returns I started for 2021-2023 to see what Line 5 on the 8829 Asset Entry Worksheet showed. They all have "M-Home Office" in this option and only options M & N show in the list of options.
I don't know if you read the entries in this thread before mine, but in 2021 you replied to a user having this issue and said "you either have to wait for Turbotax to fix it or you can try using category J1. in effect M is the same as J1 because a home office is treated as nonresidential real estate."
Others replied with this suggestion as well, but I haven't seen any suggestion that something is missing.
I'm certainly no accountant and often need to ask questions about particular situations that are new to us or haven't been an issue for a long time. But, I've been using TTax since it first came out in the 1990's and I'm very familiar with the software and the subjects I need to cover year after year. I've been doing business returns every year, and I've been reporting a home office since 2015 without any issues.
This one issue is keeping me from filing and moving on, and I don't know what else I can do to fix this.