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Level 1
October 14, 2021
Question

If client was in business for only 3 months, how do I enter the 3/12 months (business use period) for home office expense?

  • October 14, 2021
  • 1 reply
  • 13 views
I have entered the home and office sq footage but I still need to adjust this as she was in business for only 3 months but do not see where to do this adjustment in Proconnect, please help
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1 reply

Level 2
October 14, 2021

For a mid year start to the home office, take the amounts of the home expenses for the time using the office in business. For example, rent for 3 months = $3,000 and utilities for the 3 months totals $160. That gets to the correct amounts showing on the Form 8829 and being used in the allocation of home expenses. 

puravidapto
Level 7
October 14, 2021

How do you deal with the standard method ($5 per square foot)?

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