We have a studio Apartment used while we work - 51% of that space is the "home office", with Total expenses for the entire space adding up to more than $10,000, Using schedule 8829 we manually calculate an amount to enter on line 30 of schedule C that is three times higher than that allowed by turbotax. I have read the IRS rules and do not find a cap.
If you'd like, we can look at your return and see exactly what you see to help come to a resolution. The return will be scrubbed and won't include any of your personal details.
If you're using TurboTax Online:
Once you're logged in to your account,
- on the left hand panel, click on Tax Tools and then choose Tools
- on the pop up window, select Share my file with Agent
- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.
- click okay and you'll get another message with a token
If you're using TurboTax Desktop:
Please reply to this message with your token so that we can further assist you. Let us know all other states that are included on the return.