TurboTax has made the Home Based Business Expenses and calculations pretty easy to follow. TurboTax will use the square footage of your office space and the square footage of your home along with business use. To enter your home office expense into TurboTax follow these instructions:
- While in your Tax Home,
- Select Search from the top right side of your screen,
- Enter Home Office,
- Select Jump to Home Office,
- Select Edit next to the name of your business,
- Scroll down until you see Home Office,
- Select Start,
- Follow the On-Screen Prompts to complete this section
For more information please see IRS Information on Home Office Deduction
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