The simplified home office deduction is not calculating correctly; why?

[stucomstock]

My home office is 150 sq feet. With the simplified home office deduction at $5/sq foot, my deduction should be $750. I have done it 5 times now and it keeps coming out as $321; what am I doing wrong?

[Lisa995]

How much net profit do you have?

[stucomstock]

Ahhhh, $321. Can you not have a negative profit if you choose the simplified version?

[Lisa995]

That's correct.

[Lisa995 · Accepted solution]

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