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March 29, 2025
Question

When using the "actual cost " for determining business use of home expenses, TurboTax is capping business expenses, disallowing and carrying over most expense.

  • March 29, 2025
  • 1 reply
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We have a studio Apartment used while we work - 51% of that space is the "home office", with Total expenses for the entire space adding up to more than $10,000, Using schedule 8829 we manually calculate an amount to enter on line 30 of schedule C that is three times higher than that allowed by turbotax. I have read the IRS rules and do not find a cap.

    1 reply

    March 30, 2025

    If you'd like, we can look at your return and see exactly what you see to  help come to a resolution. The return will be scrubbed and won't include any of your personal details.

     

    If you're using TurboTax Online:

    Once you're logged in to your account,

    - on the left hand panel, click on Tax Tools and then choose Tools

    - on the pop up window, select Share my file with Agent

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    - click okay and you'll get another message with a token

     

    If you're using TurboTax Desktop:

    • Click on Online in the top menu of TurboTax Desktop for Windows
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    Please reply to this message with your token so that we can further assist you. Let us know all other states that are included on the return.