ThomasM125
Expert Alumni

Business & farm

If you use the simplified method, you get a standard deduction of $5 per square foot of your home, but only up to 300 square feet. So, you would only be allowed half of the square footage of the house, but not more than 300sf. So you will probably get a deduction based on 300sf. TurboTax will do that calculation for you.

 

Otherwise you would enter your actual expenses, which would include 50% of the property taxes, per your question.

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