Enter home offices in the same home for multiple activities
- Set up a unit for Schedule C, in the Business folder, for each spouse and enter appropriate income and expenses.
- On the first Schedule C, go to the Asset folder to enter the first home office.
- On the Depreciation tab, enter the full cost of the home and applicableMethodandLife.
- On the Home Office tab, enter theTotal area of homeandArea used exclusively for businessto calculate business use percentage of this home office.
- In the Allowable deductions section, enter the amount of deductions for the full home, in the Indirect column.
- Select Done to close out of the Asset.
- Go to the C-2 Screen and markSuppress carry of Form 8829 mortgage interest, qualified mortgage insurance and taxes to Schedule Ato suppress the deductions not applicable to the business from being reported on Schedule A.noteThis will prevent deductions from being reported on Schedule A as if there were two homes.
- Repeat Steps 2-7 for the second home office.
- On the A Screen, in the Itemized Deductions folder, enter the portion of allowable deductions not used for business.
