Question

1 home, 2 separate businesses/home offices. If mortgage interest is $1000/yr, should we both enter $1000 as home office int deduction? If not, what do we do?

Forum|Forum|4 years ago
April 14, 2022
2 replies
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TurboTax Live Self Employed

This can be a little tricky to enter the two home offices. See this TurboTax article that has instructions for your situation.

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G

gfc4Author

Hi @PattiF ,

Thank you. Is it possible to speak with you directly about this on the phone. I talked with someone at TT and received different info. Perhaps I didn't explain my situation properly. I'd like to clarify. Please let me know.

Thank you

P

PattiF

I'm sorry but I am not on the phones, just the online Community.

This TurboTax article has more information and I hope that it will help you to enter your two home offices.

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gfc4Author

@PattiF

Thanks. Presumably I can share these links and get someone to call me who is on the phones and understands the nuances given my specific situation.

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PattiF

I'm sorry that I could not help you more. You could perhaps use the simplified method to calculate the home office deduction.

The simplified deduction for your home office is $5 per square foot, up to 300 square feet. The deduction for an office that is 200 square feet would be $1,000.

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