IRS Form 8829 is used by self-employed taxpayers and small business owners who maintain a workspace in their homes to calculate their home office deduction. The form calculates the portion of expenses related to your home that you can claim as a tax deduction on Schedule C.

Who can file Form 8829?

Form 8829 is only for taxpayers filing Form 1040 Schedule C. Sole proprietors and most single-member limited liability company (LLC) owners file Schedule C and are therefore eligible to calculate a home office deduction using Form 8829.

What do I need to know about form 8829?

What is Form 8829? Form 8829, also called the Expense for Business Use of Your Home, is the IRS form you use to calculate and deduct your home office expenses. 1099 contractors and other self-employed individuals process the IRS home office form along with their annual tax return (unless you’re using the simplified method).

What are direct and indirect expenses on form 8829?

on Form 8829. Direct expenses benefit only the business part of your home. They include painting or repairs made to the specific area or rooms used for business. Enter 100% of your direct expenses on the appropriate line in column (a). Indirect expenses are for keeping up and running your entire home.

Where to put mortgage interest on form 8829?

Line 16: If your deductible mortgage interest is limited on your Schedule A, enter the excess here using the IRS instructions. Line 17: Enter the amount you paid in homeowner’s insurance this year in column (b). Line 18: If you rent your home, enter the total rent you paid this year.

Where to put casualty losses on form 8829?

Line 28: If you have casualty losses beyond what you entered on Line 9, multiply them by the business percentage of those losses and enter the result on Line 28. The IRS’s guide has more information if you need it.