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New Member
posted Jan 20, 2021 8:09:24 AM

I'm entering my self employment home office expenses (utilities, PMI, etc) and TT it asking for 2019 numbers instead of 2020. Is that right?

0 2 403
2 Replies
Expert Alumni
Jan 23, 2021 1:43:37 PM

No, TT shouldn't ask for 2019. The information to provide TT is the 2020 home office expenses (rent, mortgage interest, property taxes, etc.). There is also a simplified method, enacted in 2013, that allows you $5 per square foot used for the home office. For more information on the home office deduction please check this link: The Home Office Deduction

Level 15
Jan 23, 2021 1:45:46 PM

Ignore the obvious update  error ... they just failed to change 2019 to 2020 yet ... it doesn't affect they program calculations.