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.

When using the "actual cost " for determining business use of home expenses, TurboTax is capping business expenses, disallowing and carrying over most expense.

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.
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 Reply
KeshaH
Employee Tax Expert

When using the "actual cost " for determining business use of home expenses, TurboTax is capping business expenses, disallowing and carrying over most expense.

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:

  • Click on Online in the top menu of TurboTax Desktop for Windows
  • Select 'Send Tax File to Agent'
  • Write down or send an image of your token number and state then place in this issue.
  • We can then review your exact scenario for a solution

 

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question