Under Business Expenses, start/update Home
Office Expense.
Select YES, then continue
Select both requirements, then continue
Select NO, continue
Select at least one of the options, continue
Your home office qualifies. Continue
Select YES, continue. (It may say “all 12
months, but YES anyway)
I’m
assuming 100%, then continue
You’re on Home Office Summary screen. Elect to
EDIT it.
Verify the address (shud be old home office),
continue
Select NO, continue
Select YES, you used it, and NO, you didn’t
share it. Continue.
Select I Own it, continue
Select YES, continue
Confirm square footage, continue.
Select Actual Expenses, continue
Confirm Mortgage Interest Applies, then click
DONE
Click Continue
Select NO, all expenses apply to entire home,
continue. (If you have HO only expenses, select NO)
Enter PMI if paid, leave blank if not, and
continue.
Select NO, continue
Enter RE taxes, continue
Utility expenses. You have box for both entire
home and HO only. Enter as needed, Continue
Repair expenses. Enter as needed for whole home
and HO only, continue.
Enter property insurance, continue
Enter other expenses, continue
Select NO for casualty/theft
See your summary, then continue
Home office asset summary. Only the old HO
listed here. Edit it.
Select Your Home, continue
Review information, continue
Did you stop using this asset in 2015? YES YES
YES YES YES!
Enter date of disposition. Must be on or before
the day you moved out. Then continue
Percentage of Biz Use screen, continue
Fed Depr Dedcution screen, just continue
Disposition of HO, click NO. You are indicating
it was NOT a separate structure.
Did you sell? Click YES.
Indicate ownership, enter address, continue
Sales information. Enter it, and just continue
working things through until you are returned to the “Your Home Office Asset
Summary” screen.
Now click the Add An Asset button and start
working this through to set up the new home office.
