06-05-2008, 01:38 PM
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Hopeless Optimist
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Join Date: Oct 2005
Posts: 5,146
Points: 26832.30
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Quote:
Don't Double Dip!
Another misconception about the office-in-home deduction is that you can claim your property taxes and mortgage interest twice: once on Schedule A (with your itemized deductions) and again on Form 8829 (for your home office expenses). Wrongo!! Mortgage interest and property tax deductions claimed as a home office expense can't be claimed again on Schedule A.
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