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Form 8829 - Expenses for Business Use of Your Home

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Form 8829 - Expenses for Business Use of Your Home

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Purpose of Form

Use Form 8829 to figure the allowable expenses for business use of your home on Schedule C (Form 1040) and any carryover to 2015 of amounts not deductible in 2014.

You must meet specific requirements to deduct expenses for the business use of your home. Even if you meet these requirements, your deductible expenses may be limited. Part IV is used to figure any allowable carryover of expenses that are more than the limit. For details, see Pub. 587, Business Use of Your Home (Including Use by Daycare Providers).

Who cannot use Form 8829. Do not use Form 8829 in the following situations.

  • You are claiming expenses for business use of your home as an employee or a partner, or you are claiming these expenses on Schedule F (Form 1040). Instead, complete the worksheet in Pub. 587.
  • All of the expenses for business use of your home are properly allocable to inventory costs. Instead, figure these expenses in Schedule C, Part III.
  • You have elected to use the simplified method for this home for 2014. If you had more than one home during the year that you used for business, you can use the simplified method for only one home. Use Form 8829 to claim expenses for business use of the other home. For more information about the simplified method, see the Instructions for Schedule C and Pub. 587.

Who Can Deduct Expenses for Business Use of a Home

Generally, you can deduct business expenses that apply to a part of your home only if that part is exclusively used on a regular basis:

  • As your principal place of business for any of your trades or businesses,
  • As a place of business used by your patients, clients, or customers to meet or deal with you in the normal course of your trade or business, or
  • In connection with your trade or business if it is a separate structure that is not attached to your home.

 

 As explained later, exceptions to this rule apply to space used on a regular basis for:

  • Storage of inventory or product samples, and Purpose of Form
  • Certain daycare facilities.

Form 8829 Instructions


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Views: 948 Created on: Jun 15, 2013
Date updated: Sep 01, 2015

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