Form 8829 instructions 2012

Form 8829 Department of the Treasury Internal Revenue Service (99)

Expenses for Business Use of Your Home ▶ File only with Schedule C (Form 1040). Use a separate Form 8829 for each

home you used for business during the year. ▶ Information about Form 8829 and its separate instructions is at www.irs.gov/form8829.

OMB No. 1545-0074

2012 Attachment Sequence No. 176

Name(s) of proprietor(s) Your social security number

Part I Part of Your Home Used for Business 1 Area used regularly and exclusively for business, regularly for daycare, or for storage of

inventory or product samples (see instructions) . . . . . . . . . . . . . . . . 1 2 Total area of home . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Divide line 1 by line 2. Enter the result as a percentage . . . . . . . . . . . . . 3 %

For daycare facilities not used exclusively for business, go to line 4. All others go to line 7. 4 Multiply days used for daycare during year by hours used per day 4 hr. 5 Total hours available for use during the year (366 days x 24 hours) (see instructions) 5 6 Divide line 4 by line 5. Enter the result as a decimal amount . . . 6 . 7 Business percentage. For daycare facilities not used exclusively for business, multiply line 6 by

line 3 (enter the result as a percentage). All others, enter the amount from line 3 . . . . . ▶ 7 % Part II Figure Your Allowable Deduction 8

Enter the amount from Schedule C, line 29, plus any gain derived from the business use of your home and shown on Schedule D or Form 4797, minus any loss from the trade or business not derived from the business use of your home and shown on Schedule D or Form 4797. See instructions . . 8 See instructions for columns (a) and (b) before completing lines 9–21. (a) Direct expenses (b) Indirect expenses

9 Casualty losses (see instructions) . . . . . 9 10 Deductible mortgage interest (see instructions) 10 11 Real estate taxes (see instructions) . . . . 11 12 Add lines 9, 10, and 11 . . . . . . . . 12 13 Multiply line 12, column (b) by line 7 . . . . 13 14 Add line 12, column (a) and line 13 . . . . 14 15 Subtract line 14 from line 8. If zero or less, enter -0- 15 16 Excess mortgage interest (see instructions) . 16 17 Insurance . . . . . . . . . . . . 17 18 Rent . . . . . . . . . . . . . . 18 19 Repairs and maintenance . . . . . . . 19 20 Utilities . . . . . . . . . . . . . 20 21 Other expenses (see instructions). . . . . 21 22 Add lines 16 through 21 . . . . . . . . 22 23 Multiply line 22, column (b) by line 7 . . . . . . . . . . . 23 24 Carryover of operating expenses from 2011 Form 8829, line 42 . . 24 25 Add line 22, column (a), line 23, and line 24 . . . . . . . . . . . . . . . . . 25 26 Allowable operating expenses. Enter the smaller of line 15 or line 25 . . . . . . . . . 26 27 Limit on excess casualty losses and depreciation. Subtract line 26 from line 15 . . . . . 27 28 Excess casualty losses (see instructions) . . . . . . . . . 28 29 Depreciation of your home from line 41 below . . . . . . . 29 30 Carryover of excess casualty losses and depreciation from 2011 Form 8829, line 43 30 31 Add lines 28 through 30 . . . . . . . . . . . . . . . . . . . . . . . . 31 32 Allowable excess casualty losses and depreciation. Enter the smaller of line 27 or line 31 . . 32 33 Add lines 14, 26, and 32. . . . . . . . . . . . . . . . . . . . . . . . 33 34 Casualty loss portion, if any, from lines 14 and 32. Carry amount to Form 4684 (see instructions) 34 35 Allowable expenses for business use of your home. Subtract line 34 from line 33. Enter here

and on Schedule C, line 30. If your home was used for more than one business, see instructions ▶ 35 Part III Depreciation of Your Home 36 Enter the smaller of your home’s adjusted basis or its fair market value (see instructions) . . 36 37 Value of land included on line 36 . . . . . . . . . . . . . . . . . . . . . 37 38 Basis of building. Subtract line 37 from line 36 . . . . . . . . . . . . . . . . 38 39 Business basis of building. Multiply line 38 by line 7. . . . . . . . . . . . . . . 39 40 Depreciation percentage (see instructions). . . . . . . . . . . . . . . . . . 40 % 41 Depreciation allowable (see instructions). Multiply line 39 by line 40. Enter here and on line 29 above 41 Part IV Carryover of Unallowed Expenses to 2013 42 Operating expenses. Subtract line 26 from line 25. If less than zero, enter -0- . . . . . . 42 43 Excess casualty losses and depreciation. Subtract line 32 from line 31. If less than zero, enter -0- 43

For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 13232M Form 8829 (2012)

IRS Federal Income Tax Form for Tax Year 2012 (Jan. 1, 2012 - Dec. 31, 2012)

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Form 8829

efile.com

Version A, Cycle 4

Internal Use Only DRAFT AS OF July 6, 2012

2012 Form 8829

SE:W:CAR:MP

Expenses for Business Use of Your Home

Form 8829

Department of the Treasury Internal Revenue Service (99)

Expenses for Business Use of Your Home

▶ File only with Schedule C (Form 1040). Use a separate Form 8829 for each

home you used for business during the year.

File only with Schedule C (Form 1040). Use a separate Form 8829 for each home you used for business during the ear. See separate instructions. Also see www.irs.gov/form8829.

 ▶ Information about Form 8829 and its separate instructions is at www.irs.gov/form8829.

OMB No. 1545-0074

2012

2012. Catalog Number 13232M.

Attachment

Sequence No. 176

Attachment Sequence Number 176. For Paperwork Reduction Act Notice, see your tax return instructions.

Part I

Part of Your Home Used for Business

1

Area used regularly and exclusively for business, regularly for daycare, or for storage of inventory or product samples (see instructions)

1

2

Total area of home

2

3

Divide line 1 by line 2. Enter the result as a percentage

3

For daycare facilities not used exclusively for business, go to line 4. All others go to line 7.

4

Multiply days used for daycare during year by hours used per day

4

5

Total hours available for use during the year (366 days x 24 hours) (see instructions)

5

6

Divide line 4 by line 5. Enter the result as a decimal amount

6

7

Business percentage. For daycare facilities not used exclusively for business, multiply line 6 by line 3 (enter the result as a percentage). All others, enter the amount from line 3 ▶

Business percentage. For daycare facilities not used exclusively for business, multiply line 6 by line 3 (enter the result as a percentage). All others, enter the amount from line 3.

7

Part II

Figure Your Allowable Deduction

8

Enter the amount from Schedule C, line 29, plus any gain derived from the business use of your home and shown on Schedule D or Form 4797, minus any loss from the trade or business not derived from the business use of your home and shown on Schedule D or Form 4797. See instructions

8

See instructions for columns (a) and (b) before completing lines 9–21.

See instructions for columns (a) and (b) before completing lines 9–21.

(a) Direct expenses

(b) Indirect expenses

9

Casualty losses (see instructions)

9

10

Deductible mortgage interest (see instructions)

10

11

Real estate taxes (see instructions)

11

12

Add lines 9, 10, and 11

12

13

Multiply line 12, column (b) by line 7

13

14

Add line 12, column (a) and line 13

14

15

Subtract line 14 from line 8. If zero or less, enter -0-

15

16

Excess mortgage interest (see instructions)

16

17

Insurance

17

18

Rent

18

19

Repairs and maintenance

19

20

Utilities

20

21

Other expenses (see instructions)

21

22

Add lines 16 through 21

22

23

Multiply line 22, column (b) by line 7

23

24

Carryover of operating expenses from 2011 Form 8829, line 42

24

25

Add line 22, column (a), line 23, and line 24

25

26

Allowable operating expenses. Enter the smaller of line 15 or line 25

26

27

Limit on excess casualty losses and depreciation. Subtract line 26 from line 15

27

28

Excess casualty losses (see instructions)

28

29

Depreciation of your home from line 41 below

29

30

Carryover of excess casualty losses and depreciation from 2011 Form 8829, line 43

30

31

Add lines 28 through 30

31

32

Allowable excess casualty losses and depreciation. Enter the smaller of line 27 or line 31

32

33

Add lines 14, 26, and 32

33

34

Casualty loss portion, if any, from lines 14 and 32. Carry amount to Form 4684 (see instructions)

34

35

Allowable expenses for business use of your home. Subtract line 34 from line 33. Enter here and on Schedule C, line 30. If your home was used for more than one business, see instructions ▶

35

Part III

Depreciation of Your Home

36

Enter the smaller of your home’s adjusted basis or its fair market value (see instructions)

36

37

Value of land included on line 36

37

38

Basis of building. Subtract line 37 from line 36

38

39

Business basis of building. Multiply line 38 by line 7

39

40

Depreciation percentage (see instructions)

40

41

Depreciation allowable (see instructions). Multiply line 39 by line 40. Enter here and on line 29 above

41

Part IV

Carryover of Unallowed Expenses to 2013

42

Operating expenses. Subtract line 26 from line 25. If less than zero, enter -0-

42

43

Excess casualty losses and depreciation. Subtract line 32 from line 31. If less than zero, enter -0-

43

For Paperwork Reduction Act Notice, see your tax return instructions.

 Cat. No. 13232M

Form 8829 (2012)

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