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I am using Self employed. I have 0 income with expenses but the software wont let me deduct my home office with 0 income. How to enter?
I had a business in 2020 with 0 income but I had some overhead related to server hosting/database etc. I have it registered with an EIN and everything.
I am going through the Self Employed section of Income & Expenses and in the section 'Other self-employed income` I enter in cash with $0. When I go back to enter my home office deduction for 99sqft, it wont deduct anything. It keeps sending me to the "Before we calculate this deduction, we need to get your income info.
In the simplified method calculated FAQ, there is nothing related to income requirements in order to deduct a home office.
What am I doing wrong here?
May 16, 2021
2:32 PM