I have a home based small business. I have two mortgages on my home. Can I use the interest payments for both mortgages?

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I have a home based small business. I have two mortgages on my home. Can I use the interest payments for both mortgages?

Yes you can claim the total interest paid for both mortgages in the "Work space in home" section of the self-employment schedule.

If you borrow money specifically for the business then claim the interest in general expenses.

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I have a home based small business. I have two mortgages on my home. Can I use the interest payments for both mortgages?

Yes you can claim the total interest paid for both mortgages in the "Work space in home" section of the self-employment schedule.

If you borrow money specifically for the business then claim the interest in general expenses.