[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-1131":3},{"rec_id":4,"title":5,"text":6},"1131","What mortgage interest is deductible for the home office deduction?","Enter the entire amount of mortgage interest and points in both the Home Office section and the \u003Ci>Form 1098\u003C/i> area of the \u003Ci>Itemized Deductions\u003C/i> section. Using the square footage amounts you entered on the previous screen, we'll calculate how much can be deducted as home office expenses. The rest will be included with your \u003Ci>Itemized Deductions\u003C/i>. \r\n\u003Cbr>\u003Cbr>\r\nFor example, suppose you have $10,000 of mortgage interest and the home office percentage of your home is 10%. You would enter the entire $10,000 on the \u003Ci>Expenses for the Entire Home\u003C/i> screen and in the \u003Ci>Itemized Deductions\u003C/i> section. $1,000 ($10,000 X .10) of the mortgage interest will be deducted as home office expenses, and $9,000 will be included in your \u003Ci>Itemized Deductions\u003C/i>.\r\n\u003Cbr>\u003Cbr>\r\nIf you decide to use the simplified method to report home office expenses, just enter the entire amount of mortgage interest in the \u003Ci>Form 1098\u003C/i> area of the \u003Ci>Itemized Deductions\u003C/i> section.",1777391534372]