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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.
April 9, 2025
11:40 AM