Get your taxes done using TurboTax

Got it. So Schedule SE as well as quarterly tax payments are only due when there is net income. 

after completing the income section, I am reviewing the home office expenses section again. The result is that turbo tax says I don’t qualify because the net profit is zero. Is that correct ? Only when the business is making money that’s when home office deduction can be taken ?

 

I also noticed that there is a small penalty for “not withholding enough tax last year”. I’m wondering if this was because of w2 or part of the schedule C somewhere. How would I troubleshoot ?

 

 

thank you again.