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Go-Blue2
New Member

Why is my home office deduction not transferring to Line 30 in Schedule C?

Line 28 Total Expenses

Line 29 Tentative profit or (loss). Subtract line 28 from line 7

Line 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method. See instructions.
Simplified method filers only: Enter the total square footage of (a) your home:
and (b) the part of your home used for business: 2405 total/used 300 = BLANK

Line 31 Net profit or (loss). Subtract line 30 from line 29.
• If a profit, enter on both Schedule 1 (Form 1040), line 3, and on Schedule SE, line 2. (If you
checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, line 3.
• If a loss, you must go to line 32.

Since I cannot use more than $1500 and it is $873, Line 31 should be ZERO.

Line 29 873
minus Line 30 873
Line 31 should be 0 which will result in a savings/deduction.
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1 Reply
AmyC
Expert Alumni

Why is my home office deduction not transferring to Line 30 in Schedule C?

It sounds like your home office was disallowed so you need to review the questions and answers in that section to make the deduction allowable.

References:

What qualifies as "Principal Place of Business" for the home office deduction?

Where do I enter the home office deduction for my business?

Can I take the home office deduction?

 

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