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For 2125 business-use-home expenses, I typed in all the numbers, but on the summary it shows 0 for business -use-of-home expenses. I'm wondering why
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October 30, 2019
4:41 AM
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Self-employed
Is your net income after deducting your regular business expenses (but before business use of home expenses) greater than zero?
October 30, 2019
4:41 AM
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Self-employed
You can only claim business use of home expenses to the extent that your net business income is greater than zero. In this case, since you have a net loss, the amount of this year's business use of home expenses will be carried forward to next year.
October 30, 2019
4:41 AM
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Self-employed
How to carry forward ? Does it come automatically next year or we have to manually select any option. It’s not showing up in the transferred to next year summary.
April 22, 2021
8:30 AM