How do I allocate expenses for 2 home offices?
If you have a separate office for each business, for example one in a bedroom and the other in the basement, you don't need to do anything special as far as allocations are concerned. Simply enter the details of each office space (square footage, etc.) when you enter each business in TurboTax and we'll do the rest.
If using TurboTax Home & Business or TurboTax Self-Employed, and you have 2 home offices for the same business (for example if you moved during the tax year), look for the screen Tell Us More About This Home Office when you enter your home office information.
On that screen, answer No to the first question, Did you live in the same home all 12 months of 2016? Then answer Yes to the next question, Did you have a home office in other home(s) for this business? This sets you up for qualifying questions for a second home office.
Assuming your second office qualifies, you'll then be asked to enter the percentage of business conducted in each office. After that, it's just a matter of entering your expenses in the Home Office Expense section which comes later. You'll see both your offices listed there; simply click Edit, choose the option for actual expenses, and then select the first option for the Home Office Expert. We'll handle any allocations for you.