Missed expenses for 2020

crs5 — Wed, 27 Oct 2021 18:13:42 GMT

If I did not claim the expenses on my 2020 taxes, can I claim them on the 2021 taxes? Is there a special form I need to complete.

Also, can I claim the room I used for my business along with the internet, electricity, etc.

Re: Missed expenses for 2020

Donna F 77 — Wed, 27 Oct 2021 18:26:45 GMT

If you didn't report your self employment expenses on your 2020 tax return, you would need to amend your 2020 tax return to include those expenses. You are not allowed to report expenses that were paid in 2020 on your 2021 tax return.

You may be able to claim a Business Use of Home on Form 8829 for the room you used for your business. There are two methods to determine the expense -- simplified and actual expense. Here are some links with details on how to calculate the expense:

Home Office Deduction

IRS Business Use of Home

topic Missed expenses for 2020 in Self employed

Missed expenses for 2020

Re: Missed expenses for 2020