Hi, We have a home office and we have some office expenses that we weren't able to declare in our previous income tax. Can we declare it this year?
2007-04-14 08:49:54 · 3 answers · asked by chumsai 1 in Business & Finance ➔ Taxes ➔ United States
If the expenses occurred in 2005, no, but you could file an amended return for last year.
2007-04-14 08:57:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No, you must declare expenses in the year they're incurred.
I'm not sure why you weren't able to declare them on your previous year's return - if you just DIDN'T, you could file an amended return, but I'd hesitate to do that unless the amount is substantial.
2007-04-14 16:04:50 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
You can only write off expenses in the year they were incurred. You could see if you have enough to amend last years taxes and maybe you could get a better refund.
2007-04-14 16:08:33 · answer #3 · answered by malshaun 2 · 0⤊ 0⤋