@rwom1217 wrote:
Thanks. Some functional questions...
- With a personal car used for business purposes, would I split the mileage based on our interest even though she did not do any actual business driving?
- In regards to deductions like mortgage interest as it relates to the home office. It asks me to put in the amount from the 1098. Would I split that? It feels odd to do so because it is a specific number from an official document.
- On a related note, I assume I'd manually split points paid on a refi?
In a community property state, if you file as 2 schedule Cs, you list the expenses and income exactly in half.
Regarding a home office, you would treat half the home office on spouse A's schedule C and half on spouse B's schedule C. Suppose the total home office space is 10% of the house. Put on your tax return that spouse A has a home office of 5% of the space and spouse B has an office of 5% of the space. 5% of the mortgage interest, property taxes, utilities and insurance are listed on spouse A's Schedule C, 5% on spouse B's schedule C, and the remaining 90% will go on Schedule A as personal mortgage interest.
If you are asking, how to navigate the interview to get this result, I don't use this section of the program. If you need more help than what I gave above, I can ask someone else who uses that section of the program more often.
