Deductions & credits

The following questions were answered and the results provided the simplified home office deduction using the correct self employment income on Form 8929 and carried to Schedule C. Be sure to answer the questions truthfully when you walk through the questions.

1. Open your TurboTax return > Search Schedule C > Click the Jump to... link
2. Edit beside your business > scroll to Home Office Expenses > Update > Edit beside the office
3. Yes to the two questions on the next screen - Continue  
   1. Does X use part of this home exclusively...
   2. Does X use the home office regularly
4. Select 'This home office is X's principal place of business > Continue 'Good News! > Continue
5. Name of Home Office > Continue > Tell us more - I selected you lived there 12 months in 2024 > Continue
6. We need a little more info > Yes X used this home office only for business X and No, it was not shared > Continue
7. I selected X owns the home used for this home office > Not a daycare > Continue
8. Enter the first day used as a business (original date) > I selected 12 months used for business > Continue
9. I selected Yes, Does the space store inventory or product > Continue
10. You entered the square feet on the next screen > Continue > Business conducted entered 100% > Continue
11. How did X enter the home office deduction  > Simplified deduction  method selected > Continue
12. Selected I'll take the simplified deduction > Continue > No their were no home office expenses from a prior year > Continue
13. Good News! Home Office Deduction of $600.

This should allow the correct deduction on your Schedule C and Form 8929.

@cindybejarano