turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

miked47a
New Member

Can I deduct a home office if I have recently retired but still use it exclusively for charitable and volunteer work?

I have income from a pension and SSA
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
HelenaC
New Member

Can I deduct a home office if I have recently retired but still use it exclusively for charitable and volunteer work?

No, you cannot deduct your home office even if you use it exclusively for charitable and volunteer work. You may be able to deduct, as charitable donations, supplies you purchased while doing your charity and volunteer work.

Per IRS Home Office Deduction , You can only deduct the home office if it is used for business. 

To enter charitable donations, click on How do I enter my charitable donations in TurboTax?


For Business Start-Up Costs, see the answer to a previous post:  https://ttlc.intuit.com/questions/3083176-how-to-list-startup-costs-for-a-business

For additional information, click on https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Startup-Business-Tax-Tips/INF277...

 

View solution in original post

3 Replies
HelenaC
New Member

Can I deduct a home office if I have recently retired but still use it exclusively for charitable and volunteer work?

No, you cannot deduct your home office even if you use it exclusively for charitable and volunteer work. You may be able to deduct, as charitable donations, supplies you purchased while doing your charity and volunteer work.

Per IRS Home Office Deduction , You can only deduct the home office if it is used for business. 

To enter charitable donations, click on How do I enter my charitable donations in TurboTax?


For Business Start-Up Costs, see the answer to a previous post:  https://ttlc.intuit.com/questions/3083176-how-to-list-startup-costs-for-a-business

For additional information, click on https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Startup-Business-Tax-Tips/INF277...

 

miked47a
New Member

Can I deduct a home office if I have recently retired but still use it exclusively for charitable and volunteer work?

Thank you, but what about if it's a start up home business that hasn't generated any income yet?
HelenaC
New Member

Can I deduct a home office if I have recently retired but still use it exclusively for charitable and volunteer work?

Per IRS Pub 535 Business Start-Up and Organizational Costs: "Business start-up and organizational costs are generally capital expenditures. However, you can elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred after October 22, 2004. The $5,000 deduction is reduced by the amount your total start-up or organizational costs exceed $50,000. Any remaining costs must be amortized."
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies