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Office Standard Deductions & 401K/IRA Excess Contributions

Hi there,

 

I have a couple of questions:

 

1- I have an e-Commerce store that was started on December 2022. I have my accountant produce my K1 forms that I entered into turbo tax. Is there a way to do home office/supplies/internet/phone deductions? Or is there some sort of a self-employed standard deduction that I can use? Please note that I also work my W2 job hybrid from home and my work office as well.

 

2- When I was doing my 2022 taxes in March of 2023, I over contributed to my 401K and asked the question last year as to how to report that in turbo tax and my question was resolved here. (

https://ttlc.intuit.com/community/retirement/discussion/re-excess-401k-and-ira-contributions/01/2935... )  .  Now I feel like I reported the gross distribution last year but I cannot recall if I did or not. To be on the safe side, which line item on last year's transcript will I see the "Other income not already reported on a Form W-2 or Form 1099"
 
 
Thank you,
 
 
Alex
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