Question

How do I input Schedule C part II line 30? The turbo tax questions are about home office but this is use of home for storing materials

Forum|Forum|1 year ago
February 24, 2025
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@SanctuarySpaceLLC If you have a dedicated space in your home for business purposes, then you take that sf/ total sf of home and allocate all expenses including lawn care, cleaning person, utilities, etc for that %.

These links should be very helpful to you:

https://www.irs.gov/pub/irs-pdf/p587.pdf

https://www.irs.gov/pub/irs-pdf/i1040sc.pdf

**I don't work for TT. Just trying to help. All the best. ***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.

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SanctuarySpaceLLCAuthor

Thank you, but my question is about how to put that into turbo tax. I'm aware of how to write it of on my schedule C. We can also do a simplified deduction at a rate of $5×the square footage of the space up to 300 ft², but there doesn't seem to be a space to input that information into turbo tax. The questions it asks are specifically about home office. I haven't been able to find input options about inventory storage spaces.

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RobertB4444

Home Office is defined as an area of the home used exclusively for business. That can include inventory storage. So you're actually entering it as a home office into TurboTax.

@SanctuarySpaceLLC

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