My wife has a fairly new interior design business that is growing. We keep track of mileage, and any tangible business expenses such as her computer, phone, supplies, etc. The program did not allow us to use our home as a home office deduction last year and we weren’t sure why as our home is where she does all of her business unless she is at a client’s home or shopping for supplies. Also trying to avoid the high self employment tax by having write offs. Is there anything we aren’t thinking of?
Hello mbarneich! I'm an Enrolled Agent with TurboTax Live.
Do I qualify for the home office tax deduction?
Generally speaking, to qualify for the home office deduction, you must meet one of these criteria:
Please click this link for more information on the Home Office Deduction topic: https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv
Here is a link for more information on deductions: https://turbotax.intuit.com/tax-tips/self-employment-taxes/reporting-self-employment-business-income-and-deductions/L3Unchx1x
Ok so I answered all of those questions during your return that way but it still did not allow a home office deduction. Anyways, Is there anything you think I could be missing for this type of business that could help out with deductions?
The second link I provided in the original post HERE can provide more info and ideas on how to get the most expenses/deductions.