Get Form 8829 Department Of The Treasury Internal Revenue Service (99) Name(s) Of Proprietor(s) Part I

Filling out Form 8829 allows business owners to deduct expenses related to the business use of their home. This guide provides clear steps to help users complete Part I of the form accurately and efficiently online.

Follow the steps to successfully complete Form 8829 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. In line 1, enter the total area of your home used for business.
3. Proceed to line 2 and input the total area of your home.
4. Calculate the business use percentage by dividing line 1 by line 2 and enter the result as a percentage in line 3.
5. If you are operating a daycare facility not used exclusively for business, go to line 4. All other users should continue to line 7.
6. For daycare facilities, multiply the number of days the area was used for daycare by the hours it was used per day, and enter that total on line 4.
7. Line 5 asks for the total hours available for use during the year, calculated as 365 days times 24 hours.
8. Divide line 4 by line 5 and enter the result as a decimal amount in line 6.
9. For daycare facilities not used exclusively for business, multiply line 6 by line 3 and enter this result as a percentage in line 7. For all others, enter the amount from line 3.
10. Continue filling out the necessary expenses on lines 8 through 21, entering direct and indirect expenses as applicable, as instructed.
11. After completing the entries, save your changes, and download or print the form for your records.

Complete your tax documents online today for a seamless filing experience.