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veropando
Returning Member

To deduct part of my house payment for the use of my home office, what paymenst do I deduct? The interest paid, the principal, the taxes, the insurance, all of them?

 
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Coleen3
Intuit Alumni

To deduct part of my house payment for the use of my home office, what paymenst do I deduct? The interest paid, the principal, the taxes, the insurance, all of them?

As a self-employed person you can deduct a percentage of all theses expenses (not the mortgage principal). The mortgage interest, proprty taxes and PMI if any must be prorated between you Schedule C and Schedule A.

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