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Employment Expenses
The program seems to have an error. The example on form T777 is:
Example of how to calculate your employment-use amount (line 48)
You are a salaried employee who worked from home using your dining room table. The dining room represents 12% of the total square footage of your house and is used for work for 40 hours out of a total 168 hours in the week.
You paid $2,400 for electricity, heat, water, and Internet and $12,000 for rent. You will enter $2,400 on line 42, $12,000 on line 46, and the subtotal of $14,400 on line 47.
To determine your employment-use amount, you must first calculate your employment-use percentage, as follows: (40 hours ÷ 168 hours) x 12% = 2.9%
Your employment-use amount is the subtotal amount of $14,400 from line 47: ($2,400 + $12,000) x 2.9% = $417.60.
You will enter $417.60 on line 48.
HOWEVER, when entering the expenses into TurboTax, the amount from line 47 is only multiplied by the amount of space and NOT the hours worked. The result is higher than it should be.