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Business & farm
Thank you. I realize my response was a bit muddled (lack of sleep) and I misspoke. I don't think it changes the answer, but the new home was in fact purchased. 96% of the income for the year was made in the new home.
Since I did purchase the home, I assume I do need to put in a second 8829 so I can start capturing depreciation on the home and the home improvements made.
I see three possible solutions:
A - pull all carryover on the old home (this is the least tax advantageous to me, resulting in a tax due)
B - split it 25%/75% between old home and new, reflecting split of time spent between two
C - put it entirely into new home 8829. (most tax advantageous for me)
I can find no guidance in the 8829 instructions and am at a bit of a loss on how to proceed.