Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jul 16, 2020 3:54:38 PM

How do I enter home expenses for two businesses that operate from the same home office space at different points in the year? Should I claim all expenses in one business?

One business wasn't officially registered, I just performed work under my own name. I started a registered business in the same year doing the same kind of work.

0 2 1283
2 Replies
Moderator
Sep 11, 2020 2:45:34 PM

You can claim home office expenses for both- and just claim for the months you used the space for each business since you used the same space for both at different times.

Level 2
Mar 20, 2023 2:51:44 PM

if one business was 50% personal use and the other business was 100% at same home do I just put same amount for costs of insurance and home expense on both including property tax? or different amount (electricity etc). the rooms I used in the house are different.