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March 14, 2023
Question

home office deduction denied

  • March 14, 2023
  • 1 reply
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The Home Office Deduction is being denied because the program has not recognized the Sch C income entered.

    1 reply

    March 14, 2023

    Did your Schedule C have a net gain or loss?  It is likely that the income attributable to your home office and the other business expenses are limiting your home office expenses.  

     

    Also, since you may only claim a home office deduction up to the amount of net profit from your business, a net loss may not be created by claiming the home office deduction.

     

    Taxpayers must meet specific requirements to claim home expenses as a deduction. Even then, the deductible amount of these types of expenses may be limited.

     

    Use this link from the IRS for additional information:  Business Use of your Home

     

    If this does not answer your question, please provide additional details.

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