Why is my Home Office deduction being adjusted and my overall Deduction Total being limited to my total Self-Employed Income? Can't I show a loss?
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1 Best answer
IreneS
Intuit Alumni
Jun 1, 2019 12:22:53 PM
No - You cannot use the home office deduction to create a loss on your business return (Schedule C). Your home office deduction is limited to the net income on Schedule C. The rest will be carried forward to next year.
1 Replies
IreneS
Intuit Alumni
Jun 1, 2019 12:22:53 PM
No - You cannot use the home office deduction to create a loss on your business return (Schedule C). Your home office deduction is limited to the net income on Schedule C. The rest will be carried forward to next year.