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Home Office

Enter home offices in the same home for multiple activities

  1. Set up a unit for Schedule C, in the Business folder, for each spouse and enter appropriate income and expenses.
  2. On the first Schedule C, go to the Asset folder to enter the first home office.
  3. On the Depreciation tab, enter the full cost of the home and applicable
    Method
     and
    Life
    .
  4. On the Home Office tab, enter the
    Total area of home
     and
    Area used exclusively for business
     to calculate business use percentage of this home office.
  5. In the Allowable deductions section, enter the amount of deductions for the full home, in the Indirect column.
  6. Select Done to close out of the Asset.
  7. Go to the C-2 Screen and mark
    Suppress carry of Form 8829 mortgage interest, qualified mortgage insurance and taxes to Schedule A
     to suppress the deductions not applicable to the business from being reported on Schedule A.
  8. Repeat Steps 2-7 for the second home office.
  9. On the A Screen, in the Itemized Deductions folder, enter the portion of allowable deductions not used for business.
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