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Deductions & credits
One of the Home Office questions asked you what percentage of your business income was earned from the Home Office. If you said less than 100%, that can have a drastic impact on the income/profit limit for the Home Office (which would be different than your actual business profit). You can see the amount of that Home Office limit on line 8 of Form 8829.
‎July 1, 2024
3:44 PM