SDBalloons
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60% is just an example.I checked IRS forms and instructions, and unfortunately tax code is indeed rigged against businesses that use home office less than 100% ...
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"- $6,000 - $4,000 other expenses = $2,000 available for home office expenses"- this math looks weird to me. Why income is 60% prorated while business expenses ...
Activity Feed for SDBalloons
- Posted Re: TurboTax says I cannot take the Home Office deduction because the business had zero net profi... on Deductions & credits. Saturday
- Posted Re: TurboTax says I cannot take the Home Office deduction because the business had zero net profi... on Deductions & credits. 2 weeks ago
- Posted California SDI is greater than the maximum SDI/VPDI withholding on Get your taxes done using TurboTax. February 28, 2021 8:25 PM
- Posted Is it possible to deduct TurboTax cost if the business had ceased operations? on Business & farm. February 28, 2021 10:42 AM