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.

laclifner
New Member

TT says Home Office Deduction is 0 since Net Profit was <= 0. But NP = $4900. So it seems like this is a bug.

"It turns out XXX isn't getting the home office deduction...that's because the net profit for XXX's business was zero or less..."

TT reports "Net Business Income" of 4,900 on the page titled "Here's the business info we have so far".

TT also reports "Profit or Loss from Business" of 4,900 on the "Let's gather your business info" page.

So, this appears to be a bug:  there IS Net Profit, but TT disallows the Home Office Deduction.

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.

3 Replies

TT says Home Office Deduction is 0 since Net Profit was <= 0. But NP = $4900. So it seems like this is a bug.

Is your software updated?
laclifner
New Member

TT says Home Office Deduction is 0 since Net Profit was <= 0. But NP = $4900. So it seems like this is a bug.

Yes, everything is up-to-date.  I have since found a work-around.  I was trying to use the simplified deduction of $5 per sq ft rather than enter all the details.  It appears that you *must* enter all the details (insurance, taxes, etc.) before it will allow me to take the deduction.

TT says Home Office Deduction is 0 since Net Profit was <= 0. But NP = $4900. So it seems like this is a bug.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question