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April 19, 2022
Question

I started a home business in 2022 but have reno, equipment expenses in 2021. Can I still deduct these in 2022?

  • April 19, 2022
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    1 reply

    April 20, 2022

    Unfortunately, you cannot deduct business expenses from prior years on this year's tax return. Business expenses must be deducted in the year they were used.

    For more information please refer to the following TurboTax article:

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