MarilynG1
Employee Tax Expert

Business & farm

Enter your Mortgage Interest, Property Tax, Home Insurance, Utilities, etc. in the Home Office section. Indicate you want TurboTax to calculate the % pertaining to your Home Office (based on % of square footage) using the Actual Expenses option. 

 

Set up your home as a Business Asset, and based on the square footage of your Home Office, a portion of Depreciation is attributed to your Home Office expenses. Remember that you may have a Depreciation Recapture when you stop using your Home Office. 

 

Click this link for detailed info on Home Office Assets. 

 

This link has info on deducting whole house amounts for your home office.

 

 

 

 

 

 

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