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Level 3
posted Mar 29, 2025 10:47:04 AM

Two business share the same home office questions

I am using the TurboTax Home&Biz desktop edition.

 

I have used a small room as the home office for my consulting business for years. I added a new trader business this year. Both businesses share the same home office.  However, there is no entry related to sharing in the entire data-entering process. All I can do is input the home office data twice. Nowhere asked me about how many percentages you are going to use for business 1, and how many for business 2. Maybe my understanding was wrong.

 

Is the same data entered twice under each business a sharing? If not, how to share?

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1 Best answer
Expert Alumni
Mar 29, 2025 1:08:36 PM

Yes, essentially the same data is entered twice, but the total square feet of the office space is divided between the two businesses.

 

Take a look at the following TurboTax help article for more guidance:

 

Can I claim the home office deduction for two or more businesses?
 

1 Replies
Expert Alumni
Mar 29, 2025 1:08:36 PM

Yes, essentially the same data is entered twice, but the total square feet of the office space is divided between the two businesses.

 

Take a look at the following TurboTax help article for more guidance:

 

Can I claim the home office deduction for two or more businesses?