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New Member
posted Apr 19, 2021 10:26:23 PM

Can I claim mortgage interest as a commission salesperson with a home based office?

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1 Replies
Level 5
Apr 20, 2021 2:37:06 PM

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.

 

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For more information on how mortgage affects your taxes, please see our TurboTax blog below:

When Does Mortgage Affect Your Taxes?