How do I properly claim Work-Space-in-the-Home percentage if I moved halfway through the year and the homes and office are different sizes, hence different claimable %
How do I properly claim Work-Space-in-the-Home percentage if I moved halfway through the year and the homes and office are different sizes, hence different claimable %
Software only allows me to input square footage for one location and one office...but as stated I moved and these will be different.
How do I properly claim Work-Space-in-the-Home percentage if I moved halfway through the year and the homes and office are different sizes, hence different claimable %
You will need to find the "average" percentage for both locations and enter that number in.
For example:
Home A - 300 sq ft/1000 sq ft home = 30%
Home B - 360 sq ft/2000 sq ft home = 18%
Average space used is 24%. Enter in TurboTax as 24 of 100 ratio.
You can total your expenses from both locations and enter as such.
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