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Deductions & credits
Thanks Dawn; Followed your directions and the correct net profit amount of the business from Schedule C was reflected rather than just the expenses of the business which created a business loss and thereby not eligible for the home office deduction.
Also when I ran error check, Form 8829 Asset Entry W/S got flagged and asked for information on line 1 (Description of asset), 2 (Date Acq) and 4 (total cost when acquired) none of which made sense to me since it was a closet converted to an office which was part of the main house which was purchased years ago. To eliminate the error I made some estimates of that required information, Description (Closet), Acquired, the day the business started this year, and $100 for the cost of the closet (???); and the errors were resolved.
I guess my point is that there should be a simpler way to get this done when using the simplified home deduction method.
Any thought or additional comments are always appreciated. Thanks again Dawn.