TaxGuyBill
Level 15
02-10-2020
12:32 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
First, I think the rentals must rise to the level of a "Trade or Business".
Second, no, any Home Office Deduction can't increase a loss.
Third, unlike the regular Home Office deduction, the Simplified Method can't be carried forward.