nshin
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I see, thanks.That being the case, if power is such a large expense but key to the business, should it be deducted through another method/category? Or does it s...
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Hi Coleen - that is what I did, as a direct home office expense. However, that home office deduction limit still essentially limits 90% of the deduction. I thou...
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Got it! That's what was missing. Thanks a lot!
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I followed your instructions and I can see that Item12 "Business income or (loss). Attach Schedule C or C-EZ" is listed as 0. In the case I described, shouldn't...
Activity Feed for nshin
- Posted Got it, thanks Coleen! on Deductions & credits. June 4, 2019 2:06 PM
- Posted I see, thanks. That being the case, if power is such a l... on Deductions & credits. June 4, 2019 2:06 PM
- Posted Hi Coleen - that is what I did, as a direct home office e... on Deductions & credits. June 4, 2019 2:06 PM
- Posted I have excessive utility expenses for my home business, that far exceed my home office deduction limit. Is there another way I should approach deducting it? on Deductions & credits. June 4, 2019 2:06 PM
- Posted Got it! That's what was missing. Thanks a lot! on Get your taxes done using TurboTax. June 3, 2019 1:04 PM
- Posted I followed your instructions and I can see that Item12 "B... on Get your taxes done using TurboTax. June 3, 2019 1:04 PM
- Posted Thanks a lot Michael! Though, I'm curious now if I made... on Get your taxes done using TurboTax. June 3, 2019 1:04 PM
- Posted Do self-employment deductions only count towards reducing self-employment income? Or can they carry over to reduce my W2 income as well? on Get your taxes done using TurboTax. June 3, 2019 1:04 PM