- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If you are self-employed and claiming HO on SCH C, the program will ask you for information related to the following. (I don't recall exactly how it's worded.)
- Percentage of business conducted in the HO. This can be (and usually is) less than 100%.
- Percentage of time the HO is used for business. This *must* be 100%. If you use the home office for anything other than the business, then it does not qualify for the deduction.
‎September 20, 2022
11:47 AM