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Level 1
October 11, 2023
Question

Can I use the prior year carryover of unallowed business use of home expenses in the current year? The expenses were not allowed do to business loss.

  • October 11, 2023
  • 1 reply
  • 3 views
The carryover is from a schedule C business. The business is eligible to claim the expense this year.
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1 reply

sjrcpa
Level 15
October 12, 2023

Yes. Lacerte should do this for you.

The more I know the more I don’t know.