My wife and I are realtors. We share a home office. 75% of our business is conducted from the home office. This year, we moved part way through the year, so we have 2 home offices to deduct - again, we shared each. I am confused on the questions asked during the "interview."
1) I lived in other homes during the year
2) I had home office in each
3) I used the office for my business
4) I shared the office
5) Business conducted in each office - 2 months in one and 10 in the other. Do I enter 17% and 83% (2/12 and 10-12)? Or do I enter12.75% and 62.25% - (2 divided by 12 times 75% and 10 divided by 12 times 75%)?
6) Under business expenses, I have tagged each item (ie power and heat) to the appropriate office/home. All other business expenses went directly onto Schedule C. Is this proper? Why do I need to assign a percentage of expenses to each office?
Please educate me, or send me a link(s) to guide me.
Thanks
