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New Member
posted Apr 3, 2024 2:57:27 PM

Home Office Deduction

I only worked for 3 months last year.  I can't figure out in Turbo Tax how to calculate the mortgage interest for 3 months only...

 

It keeps taking the whole year - I can't figure out how to override.

 

Thanks

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1 Replies
Expert Alumni
Apr 7, 2024 1:31:31 PM

You can limit the mortgage interest allocated to your Home Office by adjusting your Business percentage. Since you used your Home Office only 3 months of the year, the maximum business percentage would be 25% (3/12). This is true even if 100% of your business during those months was conducted from your Home Office.