Hi,
1)Here is an article regarding the QBI deduction. https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-cuts-jobs-act/qualified-business-inc...
This deduction applies to Schedule C filers (sole proprietorships and other self-employed businesses), LLCs, partnerships, S corporations, estates, and trusts. Certain rental enterprises may also qualify. Corporations are not eligible because they received their own tax breaks under the TCJA.
That said, not every eligible business automatically qualifies for the deduction. In particular, some types of service businesses (SSTBs) are disqualified once the taxable income on the return exceeds $220,050 ($440,100 if filing jointly).
This deduction is only available to businesses. You must have a business to claim the QBI deduction.
2)Here is an article regarding the home office deduction: https://ttlc.intuit.com/community/forums/replypage/board-id/asktheexperts/message-id/22356
You can use TurboTax to add a home office deduction. Just go to federal-wages & income-self employment-then add the home office as an expense. You can claim this deduction at the time of filing. If it is rent you are paying for your personal house, that is not a deductible expense. If it is rent for your business property, you can deduct that as a rent expense. You can also claim the internet expenses. Yes, you can file these deductions on TurboTax. Feel free to call us at 1-800-446-8848 if you would like us to talk you through the home office deduction.
Thank you,
John
CPA
