Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Unused business use of home expenses when business discontinues

kwmw
Level 1

Can I claim the unallowed expenses of business use of home when a Schedule C business is discontinued (no assets sold). Home also is not sold. If so, how do I report these?  Thank you!!

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

3 Comments 3
qbteachmt
Level 15

You can't claim something unallowed; that's pretty much the definition of Unallowed = cannot Claim. And if there is no business, there is no business use or business expense. So, there is nothing to report and nothing to claim. Those are two reasons there is nothing to "report" anywhere.

And I doubt the space now is unused; it is likely still part of the house.

If that isn't the answer you want, you will need to provide more details.

*******************************
Don't yell at us; we're volunteers
IRonMaN
Level 15

"Can I claim the unallowed expenses of business use of home when a Schedule C business is discontinued"

No.


Slava Ukraini!
qbteachmt
Level 15

I see what you did, there  🙂

*******************************
Don't yell at us; we're volunteers
0 Cheers