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findings4less
New Member

I am using Self-Employed. On the home office simplified method, I have a deduction of $825 for a 165 sq ft home office. Does the $825 get deducted quarterly or annually?

Thanks!

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Critter
Level 15

I am using Self-Employed. On the home office simplified method, I have a deduction of $825 for a 165 sq ft home office. Does the $825 get deducted quarterly or annually?

It is deducted once per year  on the Sch C line 30.

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2 Replies
Critter
Level 15

I am using Self-Employed. On the home office simplified method, I have a deduction of $825 for a 165 sq ft home office. Does the $825 get deducted quarterly or annually?

It is deducted once per year  on the Sch C line 30.
ThinkQuik
Level 4

I am using Self-Employed. On the home office simplified method, I have a deduction of $825 for a 165 sq ft home office. Does the $825 get deducted quarterly or annually?

Your home office deduction is an annual deduction for that tax year.  It is the sq ft amount of 165 times $5 (165 x 5) which equals the $825.

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