Use of Home Bussiness Expenses form 8829 line 36 for home value. Is that what I paid decades ago or current assesed value

[EdwardK · Accepted solution]

You should enter the cost or other basis of your home (including land), or, if less, the fair market value of your home on the date you first used the home for business.

Per Instructions for Form 8829, Part III Lines 36 Through 38:

"Enter on line 36 the cost or other basis of your home (including land), or, if less, the fair market value of your home on the date you first used the home for business. Do not adjust this amount for depreciation claimed or changes in fair market value after the year you first used your home for business. Enter on line 37 the cost or other basis of the land on which your home sits, or, if less, the fair market value of the land on the date you first used the home for business. Do not adjust this amount for changes in fair market value after the year you first used your home for business. Attach your own statement showing the cost or other basis of additions and improvements, used at least partially for business, that were placed in service after you began to use your home for business. Do not include any amounts on lines 36 through 39 for these expenditures. Instead, see the instructions for line 41."

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dont own he