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I use part of my home to run my self employment business. Turbotax gave me the option to enter the sq footage but not the cost of rent. How do I add rent cost?
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Investors and rental owners
If you are a self-employed and want to claim your rent paid as a home office expense, refer to the following steps:
Log in to your account and edit your current return --> Income --> Self-Employment --> create your profile --> you can enter your expenses under rent while filling in the form T2125.
For further clarification please check out these two links:
Claiming Home Office Expenses for Your Small Business
T2125 Tax Form: Declare income and expenses from a business or profession
If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter
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Investors and rental owners
If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter.
Thank you for using a TurboTax.