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June 6, 2019
Question

Why is deductible interest form 1098 not reduced by amounts in business use of the home?

  • June 6, 2019
  • 1 reply
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    1 reply

    Employee
    June 6, 2019

    If you used part of your home for business that produces taxable income, then the interest should be prorated.  

    Depending on what kind of business you had, you can take a deduction either on Schedule C or E.

    When it's entered in your C or E input, Turbo Tax asks you about usage.