Instructions For Form 8829 - Expenses For Business Use Of Your Home - 2015 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 2015
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 2015, 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 2015.
that home before May 13, 1993,
If you first used your home for business in 2015, 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
(g) of line 19i, Form 4562. In column (b) of line 19i, enter the
the end of the year,
instructions under Sale or Other
month and year you first used your home for business. Do not
Disposition Before the Recovery
include the amount from Form 8829, line 41, on Schedule C,
Period Ends in that publication.
line 13.
after 1986 and before May 13, 1993,
the percentage given in
Pub. 946.
If you are depreciating additions and improvements placed in
service in 2015, enter in column (b) of line 19i on Form 4562 the
before 1987,
the percentage given in
month and year the additions or improvements were placed in
Pub. 534, Depreciating Property
service. Enter the business basis of the additions or
Placed in Service Before 1987.
improvements in column (c) and the depreciation allowable on
*Exception. If the business part of your home was Indian reservation property
the additions or improvements in column (g). Do not include the
that met the requirements of section 168(j) when placed in service, see Pub.
amount entered in column (g) on Schedule C, line 13.
946 to figure the depreciation.
Part IV
If your expenses are greater than the current year's limit, you can
Simplified method used for 2014. If you used the simplified
carry over the excess to 2016. The carryover will be subject to
method for 2014, 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 2014
Line 42
and used the simplified method for that year. For 2015, you want
to use Form 8829 instead. Enter 2.564%.
Figure the amount of operating expenses you can carry over to
2016 by subtracting line 26 from line 25. If the result is zero or
Line 41
less, you have no amount to carry over.
If no additions and improvements were placed in service after
Line 43
you began using your home for business, multiply line 39 by the
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 2016 by subtracting line 32 from line 31. If
the result is zero or less, you have no amount to carry over.
IF additions and improvements
THEN figure the depreciation
were placed in service...
allowed on these expenditures by
For Paperwork Reduction Act Notice, see Instructions for
multiplying the business part of
Form 1040.
their cost or other basis by...
during 2015 (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 2015
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 was Indian reservation property
that met the requirements of section 168(j) when placed in service, see Pub.
946 to figure the depreciation.
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