CC78X
Returning Member

Schedule C line 30 with multiple businesses

Hi!

 

I run multiple businesses out of the same home office.  Form 8829, line 36 calculates the allowable expenses for business use of the home, and says "If your home was used for more than one business, see instructions."  Those instructions state "If your home was used in more than one business, allocate the amount shown on line 36 to each business using any method that is reasonable under the circumstances. For each business, enter on Schedule C, line 30, only the amount allocated to that business."

 

My question is:  Does TurboTax calculate the amount appropriate to each business when it moves this number over to each Schedule C?  And if not, is it correct that I must change the numbers given in the Schedule C manually, in the forms themselves?

 

Thank you!