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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

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    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?