So, I'm not sure how to handle this one:
I used our home office all year long, but for months 1-3 I used it in a certain line of business regarding online sales, then months 4-12 I used it for technical writing. Each of these fields have their own separate incomes and expenses, but I used the same home office space. So, in TurboTax, should I enter my year's worth of home-office-related expenses under each but just be sure to select "I only used this space for 3 months" under my first job, and "I only used this space for 9 months" under my second? That's a bit of a head-scratcher for me.
Additionally, I made some repairs to my home office ONLY during my second job, so it doesn't seem right that I should try to deduct those repairs under my first job when the repairs clearly happened well into my second job.
Any advice helps, thank you!
This TurboTax Help article will advise you how to enter the time the space was used for each business. You could enter the repairs as 100% for your second business to allocate them accurately.
Hello!
Yes, I did see the article. I suppose I'm confused by the following line, because this line seems to imply that I am concurrently using the home office with both businesses simultaneously, while in reality, one occurred before the other:
Or perhaps I am misunderstanding what they mean by "60% of the time"? Does TurboTax mean, like, "60% of the year" or something?