Deductions & credits

Thank you so much VolveGirl.

 

Sch C is made for all business owners so need to find out where our expenses fit in.

 

On Sch, very first question is Is this activity a qualified trade or business under Section 199 A?

(my business is Trading without 475 election).  I assume answer is yes?

 

 

In Turbo Tax Home Office Deduction (8829)

 

It is first asking me expenses for entire home then expenses for home office. My understanding is Turbotax use percentage of sq. ft to automatically approximate home office expneses.

 

Q: Under Home office Interview, I should enter same amount what I entered for home expenses?