Mortgage interest deduction

P6 · ‎March 20, 2020

Can I deduct a percentage of the mortgage interest for the business part of the property as a business expense?

AnnetteB6 · ‎March 21, 2020

Yes, you can prorate mortgage interest in order to claim a portion as a business expense if part of the property is being used for business purposes.

Just be sure to adjust the personal portion so that it does not include the business portion, otherwise you will be deducting too much mortgage interest.

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View solution in original post

AnnetteB6 · ‎March 21, 2020

Yes, you can prorate mortgage interest in order to claim a portion as a business expense if part of the property is being used for business purposes.

Just be sure to adjust the personal portion so that it does not include the business portion, otherwise you will be deducting too much mortgage interest.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Mortgage interest deduction