Retirement tax questions

You need to use Forms Mode, but you can accomplish your objective (including the home office deduction) by following the instructions below.

 

For traders who claim a home office on their Schedule C, a manual adjustment must be made to show that the trader business had a gain for the year.  Otherwise, the home office deduction is disallowed.  Use the following steps to make that manual adjustment:

  • In Forms Mode, go to Form 8829
  • Scroll to the Line 8 Calculation Smart Worksheet
  • Enter the ‘trader’ gain amount (referenced in the instructions above) on line C2

 

See https://ttlc.intuit.com/community/tax-credits-deductions/discussion/as-a-stock-trader-with-home-offi...