Deducting home office expenses for two residences

We just bought a second home in April 2007. My husband does a lot of consulting form both homes. We live in both homes on a regular basis (60% of time in first home and 40% in second home). Do I need to file two 8829 schedules for 2007? Should I prorate the total home office expenses of each home by 60% & 40%? We have spent $ 14,000 on second home to turn it to an office (Cabinets, book shelves, etc). Can I deduct it as a section 179 expenses for 2007?

Reply to
taxmax
Loading thread data ...

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.