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More Home Office "?"s

As explicit and straight forward as TT is I am still left with some questions.

In the home office question section. Are the questions for the entire year of taxes, insurance etc. or only for the period in which the home office was located in this particular location? i.e. for 5 months? For instance it asks for mortgage insurance then a few line below it asks for insurance. Is this for the same figure or is one for the total and the other for the period of time in which the home office was claimed for this location?

Thanks in advance and more questions will certainly be forthcoming!

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1 Reply
AnnetteB6
Employee Tax Expert

More Home Office "?"s

Since you had a home office in a particular location for only 5 months, answer the questions under that home office only for the period of time that it was your home office.  

 

If you add a second home office for the other 7 months of the year, then only consider the expenses related to that 7 month period when entering information about the second home office.

 

You also mentioned there was a question about mortgage insurance and then insurance a few lines down.  Those are two different things.  The mortgage insurance is also called PMI and is reported with your mortgage interest on Form 1098.  The insurance question is asking about homeowner's insurance most likely.

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