What should schedule c form 8829 line 40 be?

arthurrader · ‎June 4, 2019

PatriciaV · ‎June 4, 2019

Depreciation Percentage on Form 8829 Line 40 is determined by the date you began using your home office.

If you began using your home office before the current tax year, the depreciation percentage is 2.564% (with some exceptions).

If you began using your home office during the current tax year, the percentage is taken from the table found in IRS Form 8829 Instructions for Line 40.

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What should schedule c form 8829 line 40 be?