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.
Note If you need professional help with "Home Office Expenses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.