in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
3439276
You'll need to sign in or create an account to connect with an expert.
Yes, if you are using the actual expense method (not Simplified Method) for claiming your home office expense for 2024, then you can carryforward the unallowed expense from both home offices used in 2023.
As you go through the Home Office expense section of TurboTax, there will be an entry toward the end of the process after you have entered your 2024 home office expenses that asks if you had any expenses not deducted in a prior year. If you used TurboTax for your return for 2023, that amount may already be filled in for you. If it is not, take a look at your 2023 Form 8829 line 43 (and line 44, if applicable) and enter the total from both 2023 home offices used for your business.
Thank you! It did have it filled in at the end of that portion of doing this years taxes, but it only had one of the amounts, not both. I appreciate your help 🙂
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17524160027
Level 1
in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
user17524121432
Level 1
in [Event] Ask the Experts: Investments: Stocks, Crypto, & More
andyeg3
New Member
titan7318
Level 1
blackstone79
Level 2