Enter home office information

  1. Depending on the type of activity, go to the Business, Farm, Rental, K1 1065, 1120S, or 1040 Adjustments folder.
  2. Select the Asset tab.
  3. From the Asset List window, select
    Add
    to enter a new asset (home, land, or improvement) or select
    Modify
    to modify an existing asset.
  4. Complete the
    Description
    ,
    Date Placed in Service
    ,
    Cost basis
    , and other depreciation-related fields on the Depreciation tab.
  5. Select the Home Office tab.
  6. From the
    Type of Home Office asset
    field, select the home office asset type.
  7. Complete the
    Total Area of the Home
    and
    Area Used Exclusively for Business
    fields. This data is essential to the correct calculation and completion of Form 8829 and the Office in Home worksheets.
  8. Complete any applicable fields in the Allowable Deductions group box on the Home Office tab.

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