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