I have Net Inc from a Small Biz & qualified for a Home Office deduction. Submitted & rec'd message "not eligible in 2024" because net profit zero. Is this a tech issue?

[chris-deiulio]

I can seet Self Employment Income is positive on the Wages & Income Summary page. Not sure where the Net Profit is being pulled from, maybe that's the problem.

[LeticiaF1]

The Home Office deduction can't increase your loss, so you can't take it if your business' net income is negative. The amount that shows on the Wages & Income is the gross income, not the net income. ‌The net income is your income after your business expenses.  You should review your 1040 and review your Schedule C which is the form where your self-employment is reported and see what your net income is.  

The amount that will need to be positive for you to take Home Office deduction will be on line 29 on Schedule C.  To review your return:

1. Sign in to TurboTax.
2. Open or continue your return by selecting Start or Continue.
3. Select Tax Tools from the menu.
4. With the Tax Tools menu open, you can then:
   • Preview your entire return: Select Print Center and then Print, save or preview this year's return (you may be asked to register or pay first).
   • View only your 1040 form: Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu.

The Home Office Deduction