- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim mortgage interest as a commission salesperson with a home based office?
Topics:
April 19, 2021
10:26 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
Yes, as a commissioned employee, you can claim the mortgage interest, the property taxes, and the insurance. You are limited not only by the home use percentage but also by the commission paid since your expenses cannot exceed your commissions.
Thank you for using TurboTax.
For more information on how mortgage affects your taxes, please see our TurboTax blog below:
April 20, 2021
2:37 PM