Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 23, 2025 7:57:15 PM

How do I input Schedule C part II line 30? The turbo tax questions are about home office but this is use of home for storing materials

0 3 1089
3 Replies
Level 10
Feb 23, 2025 8:06:32 PM

@SanctuarySpaceLLC   If you have a dedicated space in your home for business purposes, then you take that sf/ total sf of home and allocate all expenses including lawn care, cleaning person, utilities, etc for that %.

These links should be very helpful to you:

 

https://www.irs.gov/pub/irs-pdf/p587.pdf

 

https://www.irs.gov/pub/irs-pdf/i1040sc.pdf

New Member
Feb 23, 2025 8:11:41 PM

Thank you, but my question is about how to put that into turbo tax. I'm aware of how to write it of on my schedule C. We can also do a simplified deduction at a rate of $5×the square footage of the space up to 300 ft², but there doesn't seem to be a space to input that information into turbo tax. The questions it asks are specifically about home office. I haven't been able to find input options about inventory storage spaces.

Expert Alumni
Feb 24, 2025 2:49:50 PM

Home Office is defined as an area of the home used exclusively for business.  That can include inventory storage.  So you're actually entering it as a home office into TurboTax.

 

@SanctuarySpaceLLC