Thank you!
It appears I am not seeing the option you've referenced because I'm in the following net loss situation for my business income (as stated by Turbo Tax):
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"You can only deduct home office expenses up to the amount of net income you have from your business. Any expenses that exceed your business net income are carried over to next year.
For example:
You grossed $20,000 in your business this year, but had $17,000 worth of business expenses, for net income of $3,000. If, in addition to that, you had home office expenses totalling $4,000, you can deduct $3,000 this year and add the remaining $1,000 to your home office expenses next year.
Home office deductions are commonly limited for new businesses that haven't yet made much money, or businesses that have suffered a large insurance loss."
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So, I not only have that prior carryover loss from 2018, but now the program is assigning a carryover loss from 2020 to 2021.
Is my businesses net loss the reason I never see the question "Did you have any home office expenses not deducted in a prior year?" I've searched and searched for that question by going through the home office expense section many times.
If that is the case, do I carryover both the 2018 loss and 2020 loss until I have a net business income gain?
Thanks so much for any clarity you can provide.
