AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

No, once the information is zeroed out, it will not carry over to the following year.  You should make some notes about it if you need to keep that information for your records.

 

One thing to consider, if you are trying to use the Simplified Method to claim your home office expense, then your income may be limiting that deduction and it cannot be claimed for the 2024 tax return.  But, if you enter the actual expenses related to your home office instead, then those expenses can carry over to a later year if you cannot claim them in the current year due to an income limitation.  

 

@ktax2 

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