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Home Office Expenses

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  4. Are my home office deductions lost in the year they were limited?

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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