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Greetings.
I recognize the relevance of altering methods for home office deduction forms. I'll lend a hand regarding this topic in QuickBooks Self-Employed.
What you discover in the home office expenses is accurate. Although changing the home office deduction methods, it will remain and revert to the Simplified. Since QuickBooks utilizes the simplified deduction method to compute your federal counted quarterly tax payments.
For more information, refer to this article: Track home office deductions in QuickBooks Self-Employed.
Please ensure to review your home office deductions carefully to avoid un-tracked expenses which could affect your annual tax returns:
We are always here to guide you along the way. Keep me posted if you need additional assistance tracking your taxes and expenses.
This answer isn't satisfactory. The user interface is broken. The Taxes view always defaults to $600 even though users are given the option to change to the regular method.
Hi there, @pdipoieuaeouaoeu.
I understand your current situation. We appreciate your feedback and value your experience with our platform. Let me explain how QuickBooks handles tax calculations and provide some guidance.
QuickBooks uses the simplified deduction method for your federal estimated quarterly tax payments and Tax Summary/Details reports. It excludes actual expenses, allowing you to choose your preferred method for tax filing.
We don't use actual expenses but offer home office categories for better cost tracking. Make sure to select the correct one when classifying them.
During tax season, TurboTax or your tax professional can advise on the best method (simplified or actual) for your situation. For further details on each deduction method, refer to the IRS website.
Additionally, you can create and manage category rules to quickly categorize common expenses and income.
Let me know if you have other questions about managing your transactions in QuickBooks. I'll be right here to answer your questions. Have a good day ahead!
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