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Level 1
posted Jul 21, 2019 2:13:33 PM

Help Understanding Form 4562 for home office

Reviewing forms before filing, and I don't understand Form 4562 for home office.
Line 19i is showing entry for "non residential real property".
I do believe TT is taking this info from the questionnaire, but I don't understand what this form means and I want to make sure I didn't make a mistake?  Does it sound correct that I would have this form for a self-employed home office?

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1 Replies
Level 15
Jul 21, 2019 3:03:50 PM

It is correct ... the part of your personal residence you use EXCLUSIVELY for business is depreciated like any other business building as a non residential real property since you do not live in the business portion of the home no more than you would live at any other office space you would rent.