I'm self-employed and moved from a home office into a commercial space in April 2020. How do I deduct only 3 months of home office expenses, and where do I deduct the moving expenses? Thank you!
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If you moved your office from home to a commercial space in April 2020, you used the home office for all of 2019 and you will be taking the moving expenses on your 2020 return.
If you used the home office for only 3 months of the year, enter just 25% of the expenses (mortgage, taxes, utilities, etc.)
To enter the information on a home office please follow these steps:
When finished you will see the Home office summary
You can include moving expenses under the Office expenses category on the Tell us about any expenses screen.
If you moved your office from home to a commercial space in April 2020, you used the home office for all of 2019 and you will be taking the moving expenses on your 2020 return.
If you used the home office for only 3 months of the year, enter just 25% of the expenses (mortgage, taxes, utilities, etc.)
To enter the information on a home office please follow these steps:
When finished you will see the Home office summary
You can include moving expenses under the Office expenses category on the Tell us about any expenses screen.
in April 2020.
You have nothing to report or deal with concerning this on your 2019 tax return. You'll deal with this when you complete your 2020 return next year.
Apologies, I meant April 2019.
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