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Why is my Home Office deduction being adjusted and my overall Deduction Total being limited to my total Self-Employed Income? Can't I show a loss?
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June 1, 2019
12:22 PM
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Deductions & credits
No - You cannot use the home office deduction to create a loss on your business return (Schedule C). Your home office deduction is limited to the net income on Schedule C. The rest will be carried forward to next year.
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June 1, 2019
12:22 PM