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lisaashbu
Level 2
posted
‎November 15, 2022 09:09 AM
last updated ‎November 15, 2022 9:09 AM

US Taxes: QuickBooks SE Does **Not** Save My Decision to Use the Regular Method for Home Office Accounting

Can anyone help me with this issue? It's been driving me mad for years.

 

Important: I have QuickBooks SE/Self-Employed.

 

When I select the Regular Method for home office tax accounting, then hit the Save button, QuickBooks SE completely ignores my selection. No matter **how many** times I choose the Regular Method, QuickBooks SE resets to the Simplified Method. Please note: 1) I understand the difference between the two methods and 2) Here is where I am going to update this selection in QuickBooks SE. See enclosed screen capture.

 

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2 Comments 2
Angelyn_T
QuickBooks Team
QuickBooks Team
‎November 15, 2022 10:52 AM

US Taxes: QuickBooks SE Does **Not** Save My Decision to Use the Regular Method for Home Office Accounting

Hi, @lisaashbu. Let me help you with setting up your home office-related transactions in QuickBooks Self-Employed (QBSE).

 

QuickBooks always uses the simplified method for mileage and home office calculations. For now, you need to set up your Home Office square footage under the Regular method.

 

  1. Go to the Gear icon.
  2. Choose the Home Office Info.
  3. Set the Tax Year.
  4. Select the Regular Method tab.
  5. Enter your Home Office and the entire Home square footage.
  6. Click the Save button. 

 

Once done, categorize your transactions with home office Schedule-C categories, then use them to choose the regular method in TurboTax. 

 

  • Mortgage (home office) 
  • Mortgage interest (home office) 
  • Homeowner/rental insurance
  • Rent and lease (home office)  
  • Repairs and maintenance (home office) 
  • Property tax (home office) 
  • Utilities (home office) 
  • Other home office expenses 

 

For more tips about simplified and regular methods for home office accounting, check out these articles:

 

 

If you have any other questions about home office deductions, please let me know by adding a comment below. I'm always here to help. Have a good one!

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lisaashbu
Level 2
‎November 15, 2022 11:17 AM

US Taxes: QuickBooks SE Does **Not** Save My Decision to Use the Regular Method for Home Office Accounting

Thanks, I've already done that. The Simplified vs. Regular Method setting was pretty easy to find.

 

Actually, I wanted QuickBooks SE to use the Regular Method to calculate these reports:

Tax Summary and Tax Details reports

 

In speaking with Customer Service for QuickBooks SE, I've learned that these reports only use the Simplified Method. I doesn't matter what you select under settings. Thanks for tryin to help! I understand better now that I can't configure QuickBooks SE to use the Regular Method for tax reporting.

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