The National Directory of Certified Public Accountants

Ask A CPA - Home Office Expenses

Are My Home Office Deductions Lost In The Year They Were Limited?

Home office deductions cannot exceed your gross income from your home office activity. If in a year that home office deductions were limited due to the gross limitation then the unused deductions are not lost buy carried forward to future years to be used in a year when gross income exceeds the home office deductions.

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