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1040 C

Fit Small Business: Get Your Business Into Shape! › Forums › Ask a Question › 1040 C

This topic contains 1 reply, has 2 voices, and was last updated by  Crystalynn Shelton 11 months, 1 week ago.

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  • November 9, 2017 at 9:32 pm #117908 Reply

    Dana Milby

    I am a Realtor and I have a home office. Could you please tell me which line on the 1040 C my home office is supposed to go on? Doesn’t it have to be used solely for an office if you are writing it off? Is it line 18 or line 30? Do my office supplies go on 18 and then the sq. ft. of my office and costs to have it on line 30? It makes a big difference. Please help! I’m so confused! Thank you!

    November 9, 2017 at 9:35 pm #118535 Reply

    Crystalynn Shelton
    Moderator

    Hi Dana,

    I have written an article that walks you through step by step on how to complete Schedule C. Per this article, line 30 is where you need to put your expenses for your home office. However, you must complete Form to see if you qualify to take this deduction. I have also included a link below to an article on the home office tax deduction:

    1. How to complete schedule C:

    How to Complete Schedule C – Profit and Loss From a Business

    2. Find out if you qualify for the Home Office deduction:

    Home Office Tax Deduction: Simpler than You Think

    Thank you for reading!
    Crystalynn Shelton

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