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home office deduction
Greetings, I am a self-employed using TurboTax HB. I have about 24,000 worth of home repair expenses (roof, furnace, ceiling, etc.) My office account for 38% of my home. Turbox HB would not allow me to deduct the 38% of the 24k, saying I don't have sufficient net income. In this case. can report 12,000 and save the other 12,000 for next year deduction?
Thank you in advance for any advice.
Pang
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‎August 18, 2022
7:41 PM