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Level 4
March 29, 2025
Solved

Sch C and business use of home

  • March 29, 2025
  • 1 reply
  • 15 views

New client doing Adult Foster Care. I need advice on whether or not to use the standard or simplified method for business use of home. Prior preparer did the old method and wiped out all income, which would happen again if I use the same method. If I use the simplified method they will qualify for both child tax credits and EIC. 

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Best answer by Terry53029

Do the way that has the best outcome for your client

1 reply

Intuit Community Champion
March 29, 2025

Do the way that has the best outcome for your client

Level 4
March 29, 2025

Thanks. This time of year I second guess everything.