You'll need to sign in or create an account to connect with an expert.
No, you have always been allowed to allocate a portion of your home mortgage interest to your home office expense. Any remaining home mortgage interest will be allocated to your personal itemized deductions. So when it comes to deductible mortgage interest, you will get the full benefit of this deduction where or not you include any mortgage interest under the home office expense as long as you are itemizing your deductions.
According to the IRS, certain expenses are deductible whether or not you use your home for business. If the expense is indirect, use the business percentage of these expenses to figure how much to include in your total business-use-of-the-home deduction. These expenses include the following;
Please click on IRS - Business Use of Your Home for more information.
No, you have always been allowed to allocate a portion of your home mortgage interest to your home office expense. Any remaining home mortgage interest will be allocated to your personal itemized deductions. So when it comes to deductible mortgage interest, you will get the full benefit of this deduction where or not you include any mortgage interest under the home office expense as long as you are itemizing your deductions.
According to the IRS, certain expenses are deductible whether or not you use your home for business. If the expense is indirect, use the business percentage of these expenses to figure how much to include in your total business-use-of-the-home deduction. These expenses include the following;
Please click on IRS - Business Use of Your Home for more information.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Audio82
New Member
riald409
Level 1
Danbold86
New Member
Dominic702
New Member
TaxWander
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.