Instructions For Form 8829 - Expenses For Business Use Of Your Home - 2014 Page 4
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4Attach a statement showing your computation and include the
IF you first used your home for
THEN the percentage to enter on
amount you figured in the total for line 41. Enter “See attached”
business...
line 40 is...
below the entry space.
after May 12, 1993, and before 2014
2.564%.*
Complete and attach Form 4562, Depreciation and
(except as noted below),
Amortization, only if:
after May 12, 1993, and before 1994,
the percentage given in
You first used your home for business in 2014, or
and you either started construction or
Pub. 946.
You are depreciating additions and improvements placed in
had a binding contract to buy or build
service in 2014.
that home before May 13, 1993,
If you first used your home for business in 2014, enter the
after May 12, 1993, and you stopped
the percentage given in
amounts from Form 8829, lines 39 and 41, in columns (c) and
using your home for business before
Pub. 946 as adjusted by the
the end of the year,
instructions under Sale or Other
(g) of line 19i, Form 4562. In column (b) of line 19i, enter the
Disposition Before the Recovery
month and year you first used your home for business. Do not
Period Ends in that publication.
include the amount from Form 8829, line 41, on Schedule C,
line 13.
after 1986 and before May 13, 1993,
the percentage given in
Pub. 946.
If you are depreciating additions and improvements placed in
before 1987,
the percentage given in
service in 2014, enter in column (b) of line 19i on Form 4562 the
Pub. 534, Depreciating Property
month and year the additions or improvements were placed in
Placed in Service Before 1987.
service. Enter the business basis of the additions or
*Exception. If the business part of your home is Indian reservation property
improvements in column (c) and the depreciation allowable on
that meets the requirements of section 168(j), see Pub. 946 to figure the
the additions or improvements in column (g). Do not include the
depreciation.
amount entered in column (g) on Schedule C, line 13.
Part IV
If your expenses are greater than the current year's limit, you can
Simplified method used for 2013. If you used the simplified
carry over the excess to 2015. The carryover will be subject to
method for 2013, use the preceding table to find the percentage
the deduction limit for that year, whether or not you live in the
to enter.
same home during that year.
Example. You first used your home for business for 2013
and used the simplified method for that year. For 2014, you want
Line 42
to use Form 8829 instead. Enter 2.564%.
Figure the amount of operating expenses you can carry over to
Line 41
2015 by subtracting line 26 from line 25. If the result is zero or
less, you have no amount to carry over.
If no additions and improvements were placed in service after
you began using your home for business, multiply line 39 by the
Line 43
percentage on line 40. Enter the result on lines 41 and 29.
Figure the amount of excess casualty losses and depreciation
you can carry over to 2015 by subtracting line 32 from line 31. If
IF additions and improvements
THEN figure the depreciation
the result is zero or less, you have no amount to carry over.
were placed in service...
allowed on these expenditures by
multiplying the business part of
For Paperwork Reduction Act Notice, see Instructions for Form
their cost or other basis by...
1040.
during 2014 (but after you began
the percentage in the line 40
using your home for business),
instructions for the month placed in
service.
after May 12, 1993, and before 2014
2.564%.*
(except as noted below),
after May 12, 1993, and before 1994,
the percentage given in
and you either started construction or
Pub. 946.
had a binding contract to buy or build
that home before May 13, 1993,
after May 12, 1993, and you stopped
the percentage given in Pub. 946 as
using your home for business before
adjusted by the instructions under
the end of the year,
Sale or Other Disposition Before the
Recovery Period Ends in that
publication.
after 1986 and before May 13, 1993,
the percentage given in
Pub. 946.
before 1987,
the percentage given in
Pub. 534.
*Exception. If the business part of your home is Indian reservation property
that meets the requirements of section 168(j), see Pub. 946 to figure the
depreciation.
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