topic Self employed tax question in Get your taxes done using TurboTax

Self employed tax question

sethdnoble — Thu, 06 Jun 2019 07:47:13 GMT

my wife works remotely for a university in a different state than we reside. 100% work from home. They do not provide health care or other benefits (401k, etc) as part of her consulting. We received a W-2 for this income. I would like to claim this as a self-employed business with expenses, but not sure I can since we received a W-2 from the university. How should I account for home business expenses related to this transaction?

Since your wife received a W-2 you would need to input th...

RebeccaC — Thu, 06 Jun 2019 07:47:15 GMT

Since your wife received a W-2 you would need to input that information, and you were wondering how to enter home office expenses??

yes, how to claim home office expenses. In prior years I'...

sethdnoble — Thu, 06 Jun 2019 07:47:16 GMT

yes, how to claim home office expenses. In prior years I've had minor employment related expenses to claim, but was not self-employed. This year, being 100% work from home, with no benefits, I assume it is better to claim this as a self employed business, and not simply as an employment related expense.

You can follow the steps below to enter your home office...

RebeccaC — Thu, 06 Jun 2019 07:47:18 GMT

You can follow the steps below to enter your home office expenses.

If she received a Form W-2, you can't reclassify it as se...

Coleen3 — Thu, 06 Jun 2019 07:47:19 GMT

If she received a Form W-2, you can't reclassify it as self-employment income. Any business expenses would go on Form 2106 Employee Business Expenses. It flows to Schedule A Itemized Deductions.

Click Federal Taxes
Click Deductions & Credits
Click View All Tax Breaks
Click Employment Expenses and (Start or Edit)
Please see the link below for more information and pay attention to the special rules for employees at the end of the article:

https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction