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rmrsgoodbooks
New Member

I have a home office. I do not itemze. Under business expense mortgage interest do I check the box 'include for home office deduction?' Or report under Excess Mrtg Int?

 
3 Replies
Ashby
New Member

I have a home office. I do not itemze. Under business expense mortgage interest do I check the box 'include for home office deduction?' Or report under Excess Mrtg Int?

Yes, you should check "include for home office deduction". Otherwise, the program would not apply the percentage of mortgage interest to your business deductions.

rmrsgoodbooks
New Member

I have a home office. I do not itemze. Under business expense mortgage interest do I check the box 'include for home office deduction?' Or report under Excess Mrtg Int?

Do I still report the mortgage interest under Excess Mortgage Interest?
rmrsgoodbooks
New Member

I have a home office. I do not itemze. Under business expense mortgage interest do I check the box 'include for home office deduction?' Or report under Excess Mrtg Int?

But it says "If you're not itemizing deductions, uncheck the Yes box include for home office deduction.
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