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Business & farm
When filing as a TTS, as per instructions I put my expenses on shed. c and my net gain on form 6781. When I came to the section on taking home office expenses it would not let me proceed or take the expenses as the system only saw a loss on shed C.
Turbo Tax rep and then a CPA that they put me in-touch with were unable to find a solution. However, when I opened up form 8829, I found the answer.
On form 8829, expenses for business use of your home, go to line 8 and enter in the net gain after the loss from shed C. That then shows the system that you indeed have a gain on the business not just the loss as shown on shed. C.
I hope this helps those of you that are going to run into this problem.
E
‎February 27, 2020
4:35 AM