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Level 2
July 4, 2020

depreciating home office. do I put entire amounts of real estate taxes and mortgage in indirect expenses?

  • July 4, 2020
  • 1 reply
  • 11 views

TP lives in California. On their sch A they are only allowed to take $10,000 (of the $18,567 )deduction.

When depreciating their home office, I don't think I can put the entire amounts of real estate and mortgage as indirect expenses.

Can someone clarify this please?

Thank you

This topic has been closed for replies.

1 reply

George4Tacks
Level 15
July 4, 2020

Hi there,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Cheers!

 

Answers are easy. Questions are hard!
MarlaEAuthor
Level 2
July 5, 2020

Dear George,

I am a tax professional with a question.

sjrcpa
Level 15
July 5, 2020

If you enter the home office expenses on the 8829 the software should do the work. You didn't mention which software you are using.

The more I know the more I don’t know.