My spouse and I co-own our home business. For the portion that asks Portion % of home that is used for personal use we wrote 75%. The next question asks "If the home office is used by your spouse, enter the share % of the expenses related to the business use of the home". Am I understanding this correctly. We use 25% of the home for business together. The second part is asking how much of that is each person responsible for then I put in 50% if it is equally shared, correct?
Home office expenses between spouses
in Reporting income
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Hello,
My spouse and I co-own our home business. For the portion that asks Portion % of home that is used for personal use we wrote 75%. The next question asks "If the home office is used by your spouse, enter the share % of the expenses related to the business use of the home". Am I understanding this correctly. We use 25% of the home for business together. The second part is asking how much of that is each person responsible for then I put in 50% if it is equally shared, correct?
Thank you