I have home office for employment expenses (T220) and also run a small business out of the same space. Do I deduct expenses for both?

[TurboTaxJeffrey · Accepted solution]

Yes...however, take into account the percentage of time you spend for each endeavor, and factor that into the calculation.  For instance, if your home office is 10% of your home, but you use it half for employment and half for your own business, then make sure you claim 5% of home expenses for each.

[TurboTaxJeffrey]

You will find there are more types expenses you can claim against your business than against the employment income.