Hello,
I use Schedule E for my rentals, plus have K-1s from a partnership that I report. I qualify for Real Estate Professional, no W2 job, etc. I have carryover of unallowed expenses from previous years for my home office when a CPA was doing my taxes and now what I manually calculated using the IRS form. My home office was also being depreciated. Where in Turbo Tax Home and Business Or Turbo Tax Business do I depreciate my Home Office?
Also, the only mention of Home Office I see(other than schedule C, which I do not use) is through my K-1 on a box for "Misc Supplemental Expenses". The hyperlink for "How do I enter Home Office" opens and the verbiage states to use the IRS form to "figure out the amt and enter it in the box". This doesn't seem right or very helpful. Its a misc box that you also can enter other random things in like uniform costs. Its not unique to home office. I should have a depreciation schedule and also a record for all the unallowed carry over I have accumulated and what should carry over to next year. I should have the form that I filled out by pencil in Turbo Tax to account for these expenses.
What and Where am I missing this????
Thanks!!
