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Deducting both business use of home and Mortgage Interest?

Discussion in 'BlackHat Lounge' started by Capo Dei Capi, Mar 19, 2016.

  1. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

    Oct 23, 2014
    Likes Received:
    If someone bought a home and used a mortgage are they able to take the homeowners mortgage deduction, as well as using the simplified business use deduction($5 per sq foot up to 300 sq feet)? Or they are limited to taking only one of the deductions not both?