Tax Year Prior to 2020: How can I input W2 data only in Business Income and deductions section? My work for an academy is my business, with supply expenses and home office costs -how enter it?

alan1450 — Thu, 04 May 2023 22:23:05 GMT

If you receive a W-2, they are considering you an "employ...

KarenL2 — Sat, 01 Jun 2019 00:09:53 GMT

If you receive a W-2, they are considering you an "employee" and that income and related expenses doesn't go in the Business Income and Expenses area. The IRS also considers you an "employee" when receiving a W-2.

Your W-2 income goes in the Personal income area if using the Home & Business version.

Also, as an employee receiving a W-2, your Home Office and other Unreimbursed Employee Business expenses would go on Form 2106. These would then flow to the Schedule A Itemized Deductions where it is subject to the 2%-of-adjusted-gross-income limit. If you have enough expenses, and typically itemize your deductions, it may benefit you.

To take a deduction for your home office, you must regularly use a portion of your home exclusively for conducting business. Also, it must be your principal place of business. If you are an employee looking to take the home office deduction, you must also be using your home for the convenience of your employer, rather than for your own convenience.

This link may also be helpful Can I Take the Home Office Deduction?

https://ttlc.intuit.com/replies/3302005

Where do I enter job-related expenses?

https://ttlc.intuit.com/replies/4800418

topic Tax Year Prior to 2020: How can I input W2 data only in Business Income and deductions section? My work for an academy is my business, with supply expenses and home office costs -how enter it? in Deductions & credits

Tax Year Prior to 2020: How can I input W2 data only in Business Income and deductions section? My work for an academy is my business, with supply expenses and home office costs -how enter it?

If you receive a W-2, they are considering you an "employ...