Home Business Deductions

[jjthor83]

I just started a business out of my home in November. When entering the costs for the home expenses such as rent and utilities, do I enter the amount for each month or for the amount for the entire period covering when I was conducting business from my home?

[ColeenD3 · Accepted solution]

You would enter the totals for the amount of time it was a home office. You will always enter yearly totals on your IRS forms.