Home office deduction

Forum|Forum|5 years ago
March 29, 2021
2 replies
13 views

Is anyone else having issues with the home office deduction being taken on a schedule C with a loss instead of being carried forward? I reported it to Proseries by phone over a month ago and it still isn't fixed.

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Mortgage interest and property taxes will still get used for OIH, even if there's a loss.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

rbynaker

Level 13

You can have a loss (or add to one) to the extent that the items being deducted would be deductible elsewhere on the tax return. Translation: If you're filing Sch A and haven't hit the $10K SALT cap you can deduce mortgage interest and real estate taxes on the 8829 in the "top" section (above line 15). If you're not itemizing, then those expenses should be reported in the "bottom" section (between 15 and 27) so they are not allowed to create a loss. And (for the first time since TCJA) I had one this year where doing the "line 11" worksheet in the instructions actually split the RE tax between the top and bottom sections (resulting in a net zero Sch C).

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