- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Thank you both for the help! I dug through my old taxes and there were only issues with three of them. I actually think my tax preparer did them incorrectly unless the laws were different back then. We have always had a home office as my husband was an instructor as I said. In 2001 I found it form 8829, but there was no schedule C attached. The second page under part two deductible expenses was the only part filled out with allowable expenses for business use of home at $1128 . In 2002 it was done the same way with line 34 allowable expenses for business use of home 1548 and no schedule C. In 2003, there was an 8829 was filled out a lot more thoroughly and there was a schedule C on the first part line 31 it actually says -656. I’m not sure why it is a loss. The business percentage on the 8829 is 20%. There is also a 2003 depreciation and I’m authorization report for the Home office listing a life of 27.5 and an amount of depreciation of $899. I don’t think she did this correctly but I also don’t want to be audited so I want to put down the right numbers for the TurboTax question did you ever have a home office and what was the depreciation? Thank you so much for all of your help!