topic I'm employed but started home business w/roommate. I own home (roommate does not). How do we each report home business? Can I deduct portion of my mortgage/utilities? in Deductions & credits

I'm employed but started home business w/roommate. I own home (roommate does not). How do we each report home business? Can I deduct portion of my mortgage/utilities?

Mrs--Grohl — Tue, 04 Jun 2019 19:35:05 GMT

What form do I use to report a startup home based business operated with another person that I am not married to? I own the home. Can I deduct a portion of my mortgage / utilities that are used for home based business? How do we each report the business expenses/income on TurboTax?

You probably should look at filing a partnership return....

californiasteven — Tue, 04 Jun 2019 19:35:07 GMT

You probably should look at filing a partnership return. This is the correct way to report your situation. You would need to use TurboTax Business (Not Home&Business) to prepare it.

But yes, all of your expenses would be deductible.

californiasteven — Tue, 04 Jun 2019 19:35:08 GMT

But yes, all of your expenses would be deductible.

Thanks for the info.

Mrs--Grohl — Tue, 04 Jun 2019 19:35:14 GMT

Thanks for the info.