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How do I properly account for my rent and cellphone when running a home based business?
turbo tax doesnt seem to be adding my rent or my cellphone deductions. I am entering them under the "other expenses" specify section in T2125 home expenses section but its not being added to my business expenses
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October 30, 2019
6:52 PM
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Investors and rental owners
In order to better assist you, we'd like a bit more information. Are your other home office expenses being deducted properly?
October 30, 2019
6:52 PM
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Investors and rental owners
The most common reason for your business-use-of-home expenses not appearing is a mistake the "number of rooms/square footage" question. Check your entries for the number of rooms used for business & number of rooms total.
Also, be sure to enter your rent/phone expenses for the entire year (not just the pro-rated portion). TurboTax will calculate the proper amount based on the number of rooms/square footage.
October 30, 2019
6:52 PM
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Investors and rental owners
Hi Jennifer I followed your advise, but its still doesn't seem to be accounting for my rent or cell phone. the tax write off amount doesn't change when I change the usage numbers. Could there be anything else?
October 30, 2019
6:52 PM