- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@ThomasM125 @PattiF I do not see form 8829. I see a couple of pages called “Deduction for Business Use of Your Home”.
part 1 is part of your home used for business as square feet of office divided by square feet of total house and then gives a percentage.
part 2 is figure your allowable deduction
part 3 is depreciation of your home
Last page, Business Use of Home Worksheet, is deduction of business use of your home Line 19 Other Expenses - Schedule E
It appears that line 34 = allowable expenses for business use of your home.
Do I enter this number as the carry forward losses?
Do these numbers need to be carried forward?
There is also a General Information cover page. This lists Carryovers to 2022. The value of X is all the same for the four areas. This number X is different from line 34 above. I’m probably mixing different carryover losses from different sections.
Federal Carryovers
Unallowed Passive Losses = X
AMT Unallowed Passive Losses = X
State Carryovers
Unallowed Passive Losses = X
AMT Unallowed Passive Losses = X