My office deduction is not saving in turbo tax and I don’t know why.
I moved in 2023 so I have two offices set up on the deduction one on simplified deduction and one with actual expenses; like TurboTax recommends. It shows my deduction at $898 for the year and as soon as I exit the page it reverts to only $185 for the newest location and $0 for the other location. What am I doing wrong??
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It probably has something to do with how you allocated the income and expenses on Schedule C between the 2 offices. After reviewing your worksheets and Forms 8829, carefully go back through your entries.
Look at your Forms 8829 and related worksheets. You should have 2 sets, one for each office. The home office deduction is limited to the net income on your Schedule C and the worksheets show how the percentages you entered (portion of income earned in each office) are used to calculate your deduction. Each worksheet has your max deduction in Part II - Line 9. Check both worksheets and the review each Form 8829. Line 36 (Form 8829) will show each home office's total calculation.
Finally, Schedule C, Line 30 will show your deduction for both home offices combined. You can only use the simplified method for one office. See the note below, as you may wish to switch your deduction method choice based on the following:
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