372394
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

D0M1N8R
New Member

If home office space is on 1st floor, does the home total square footage also include basement? (1000sq feet first floor and same for basement = 2000Sq feet

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

If home office space is on 1st floor, does the home total square footage also include basement? (1000sq feet first floor and same for basement = 2000Sq feet

If the basement was included with the square footage of the house when you bought the house, then it is to be included. It is also to be included if after buying the house you finished the basement with proper permits, meaning you put down flooring such as carpet or wood floors, added heat and air conditioning, finished the walls, installed lighting, and maybe even sectioned it off into a couple of bedrooms and added a bath, giving each bedroom their own closet. I.e. if it is a real home, it is to be included with the home's square footage, otherwise not. Also if you are storing inventory in part of the basement, then you can count that portion of the basement's square footage in with the home office, but then that has to be offset by counting in the rest of the basement in the homes square footage, even if it is unfinished--furthermore the inventory has to be kept together in a defined area.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question