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
041132
1 Best answer
TurboTaxRich
Level 5
Oct 30, 2019 4:41:46 AM
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.
4 Replies
TurboTaxRich
Level 5
Oct 30, 2019 4:41:44 AM
Is your net income after deducting your regular business expenses (but before business use of home expenses) greater than zero?
wenzhengli
New Member
Oct 30, 2019 4:41:45 AM
No, it is negative already
TurboTaxRich
Level 5
Oct 30, 2019 4:41:46 AM
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.
Raunak123
New Member
Apr 22, 2021 8:30:27 AM
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.