I'm getting ready to file the returns and the more I research the home office deduction the more confusing it seems when it comes to the Form 8829 Asset Entry Worksheet. Since I'm using the simplified method for the home office deduction, does this Asset Entry Worksheet even apply or mean anything? I don't believe it gets attached to the Schedule C and is only for my records; is that correct?
If so, what is the proper information to enter on lines 1 thru 4? Do I use the date I purchased the house or when I started using the office? Is the cost of the asset the cost of the house or an estimate as to the cost of the portion of the house used as the office? Any help is appreciated. Thanks.
