Home office expenses: Where should I enter it

[AAAARGH]

I have a self employed consulting business. I can enter home office expenses in either the business expenses OR personal home office expenses.

Which should I use?  Should it be entered in both places?

[ThomasM125]

The home office expenses should be entered in the business portion of your tax return only. 

[AAAARGH]

So in the personal deductions & credits, I don't enter anything in mortgage interest, insurance and property taxes?

Does the business home office information only apply to the percentage of the home that's used as a home office? Does the personal home office apply to the entire home?

[JeffreyR77]

The Tax Cuts and Jobs Act of 2017 did away with ability to deduct a home office or unreimbursed employee expenses. 

You want to ensure you only have home office expense associated with your self-employment activity.

In the Personal Deductions and Credits you enter your total mortgage interest and property taxes. 

TurboTax will calculate whether the standard deduction for your filing status is more advantageous or itemizing your deductions using your mortgage interest and property taxes with other allowable itemized deductions..

[AAAARGH]

I think I need to clarify and want to make sure I put all of these in the correct spot in Turbotax

I am self employed. My home office is 15% of my entire home.

Example Numbers:

-Mortgage Interest from 1098 box 1: 5000

-Mortgage Insurance Premiums from 1098 box 5: 0

-Hazard Insurance Paid from escrow: 1000

-Tax Bills Paid from escrow: 4000

-Miscellaneous Business Expenses: $500

-Utilities: 2000

-Home Repair: 300

-Other Home Expenses: 7000

In the Business Expense section I entered:

-Mortgage Interest: 0

-Mortgage Insurance Premiums: 0

-Entire Home Real Estate Taxes: 0

-Miscellaneous Business Expenses: $500

-Utilities: 2000

-Home Repair: 300

-Home Insurance Total: 1000

-Other Home Expenses: 7000

In the Personal Deductions and Credits section I entered:

-Mortgage Interest: 5000

-Mortgage Insurance Premiums: 0

-Property Tax Paid: 4000

-Additional Property Taxes: 0

Is this correct?

While the last post seemed fairly straight forward, entering it into Turbotax is another matter. When you change a value in the business section, it changes it in the personal section also.

[ColeenD3]

If it doesn't work to have the program prorate, then you will have to do the entries manually. On your home office include 15% of these expenses. On Schedule A, include 85% of mortgage interest and property tax.

What is "Miscellaneous Business Expenses: $500" and "Other Home Expenses: 7000"?

If the business expense is not directly related to the house, it doesn't belong here. If you had an improvement, you will need to depreciate it.

[GerryLP]

Hello,

Our home office is 11.2% of our total squared foot area of our home. I am following the question-method for entering our information. For example, utilities, and other such home expenses. Does the program automatically calculaes the 11.2% even though i entered whole amounts? I beleive in previous years i had to calculate it myself, so that would mean that we are short-changing ourselves by not entering the total amounts. However, I cant seem to find if it does the calculation or am i supposed to do it myself for those home office fields. Thanks!

Gerry

[ThomasM125]

TurboTax will allocate the total house expenses that you enter based on the relative size of the home office if you check the box that says No, all of my expenses apply to the entire home on the screen that says Expenses for my home office: