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Level 3
April 19, 2021
Solved

Should the deductible portion of home office mortgage interest and property taxes come through as deductible on form 8829 for a schedule c loss?

  • April 19, 2021
  • 2 replies
  • 18 views
I have a tax return with a schedule c loss. They have a home office with mortgage interest, property taxes, depreciation, etc. all of the deductible portion of the interest and prop taxes are still coming through with the loss. Is this something new? Isn't that supposed to carry forward? Everything else is carrying forward.
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Best answer by rosael

Yes, they are itemizing so 90% is going on Sch A

2 replies

Just-Lisa-Now-
Intuit Community Champion
April 19, 2021

Its correct, thats how its always worked.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
rosaelAuthor
Level 3
April 19, 2021

Thank you for taking the time to respond. It's much appreciated.

Level 15
April 19, 2021

It depends ... is the taxpayer Itemizing on Schedule A?

rosaelAuthorAnswer
Level 3
April 19, 2021

Yes, they are itemizing so 90% is going on Sch A

Level 15
April 19, 2021

Then as Lisa said, yes, that is allowed and has always been the case.