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Level 1
posted Mar 4, 2023 2:40:10 PM

No QBI received on 2022, worked for W-2

I didn't conduct business or receive any QBI in 2022. Instead, I had a work from home (WFH) job and got a W-2. I did not dissolve the business.  TurboTax still wants to give me the deductions as a loss. Is that correct? I did have depreciating assets.

1. I answered "no" to the question of "Is any of this Qualified Business Income."

2. I intend on entering the (WFH) expenses under Employment Expenses.

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1 Replies
Level 15
Mar 4, 2023 7:04:59 PM

you may get a notice from the IRS. an employee is not permitted to deduct any job-related expenses for the years 2019-2025. no home office deduction is allowed.  no WFH deduction is allowed.