Should home offices expenses be calculated on a yearly or monthly basis? E.g., utilities, mortgage, trash pickup, etc.

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Should home offices expenses be calculated on a yearly or monthly basis? E.g., utilities, mortgage, trash pickup, etc.

You should enter your expenses for the year. This is the Regular Method for Home Office Deduction (deductions for a home office are based on the percentage of your home devoted to business use): https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction

You can also use the Simplified Option for Home Office Deduction: https://www.irs.gov/businesses/small-businesses-self-employed/simplified-option-for-home-office-dedu...

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Should home offices expenses be calculated on a yearly or monthly basis? E.g., utilities, mortgage, trash pickup, etc.

You should enter your expenses for the year. This is the Regular Method for Home Office Deduction (deductions for a home office are based on the percentage of your home devoted to business use): https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction

You can also use the Simplified Option for Home Office Deduction: https://www.irs.gov/businesses/small-businesses-self-employed/simplified-option-for-home-office-dedu...

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