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  • Casual Articles - Using IRS Form 8829 to Deduct Expenses for Business Use of Your Home

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    iable space. The space does not need to be marked off by a permanent partition.

    Regular: You must use a specific area of your home for b

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    IRS Form 8829 is used to claim the allowable expenses that you can deduct for business use of your home on your federal tax return. From Form 8829, you calculate the deduction amount to be inserted on Schedule C (Form 1040). To deduct expenses related to the part of your home used for business, you must meet the following tests:

    1. Your use of the business part of your home must be either:

    Exclusive: You must use a specific area of your home only for your trade or business, and the area cannot be used for any other purpose. The area can be a room or other separately identifiable space. The space does not need to be marked off by a permanent partition.

    Regular: You must use a specific area of your home for bu

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    ou calculate the deduction amount to be inserted on Schedule C (Form 1040). To deduct expenses related to the part of your home used for business, you must meet the following tests:

    1. Your use of the business part of your home must be either:

    Exclusive: You must use a specific area of your home only for your trade or business, and the area cannot be used for any other purpose. The area can be a room or other separately identifiable space. The space does not need to be marked off by a permanent partition.

    Regular: You must use a specific area of your home for b

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    must meet the following tests:

    1. Your use of the business part of your home must be either:

    Exclusive: You must use a specific area of your home only for your trade or business, and the area cannot be used for any other purpose. The area can be a room or other separately identifiable space. The space does not need to be marked off by a permanent partition.

    Regular: You must use a specific area of your home for b

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    rea of your home only for your trade or business, and the area cannot be used for any other purpose. The area can be a room or other separately identifiable space. The space does not need to be marked off by a permanent partition.

    Regular: You must use a specific area of your home for b

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    iable space. The space does not need to be marked off by a permanent partition.

    Regular: You must use a specific area of your home for business on a continuing basis, not just occasional or incidental use; or

    2. The business part of your home or a separate structure (not attached to your home) must be your principal place of business where you meet or deal with patients, clients, or customers in the normal course of your business. You must conduct the administrative or management activities of your business in your home exclusively and regularly, and you have no other fixed location where you conduct those activities Deductions

    You generally cannot deduct expenses that are allocable to tax-exempt inco

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