Josiegirl 03:36 PM 02-20-2016
Can you do both? How much do we need to have for deductions to be able to itemize? And does being a business counteract that in some way, such as property taxes because that can be counted in our T/S for the business.
Thank you for any help you can give!!
TomCopeland 11:32 AM 02-21-2016
Originally Posted by Josiegirl:
Can you do both? How much do we need to have for deductions to be able to itemize? And does being a business counteract that in some way, such as property taxes because that can be counted in our T/S for the business.
Thank you for any help you can give!!
You should always claim the time-space % of your house expenses on Form 8829, including property tax and mortgage interest. The rest of these two expenses you may be able to claim on Schedule A and itemize.