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.
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.
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.
-khadijahdauda7
New Member
kattgrrrl
New Member
break680
New Member
jordanrdel
New Member
jord-morrison
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.