kendallfs
Level 1
12-07-2019
04:22 AM
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Business Use of Home impacted by new tax law, diagnostic says have to complete Form 8829 line 11 worksheet, is this input screen in Lacerte< I can't find it!
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Level 11
12-07-2019
04:22 AM
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You find the worksheet in the instructions to Form 8829. Then you take the results and enter into Lacerte where the diagnostic tells you to. It's a pain in the neck.
My notes say the worksheet looks like this:
Form 8829 Line 11 Worksheet
Line 1 Unlimited State Taxes
Line 2 RE Tax on HO
Line 3 any other RE Tax
Line 4 Psnl Prop Tax
Line 5 = sum of 1-4
Line 6 = 5 x HO %
Line 7 = 2 - 6
Line 8 = 5 - 6
Line 9 = 10,000 - 8
Line 10 = smaller of 6 or 9
Carry to Line 11 of Form 8829
Line 11 = 6 - 10
Carry to Line 17 of Form 8829
kendallfs
Level 1
12-07-2019
04:22 AM
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Thank you Phoebe!
art-jenkins
Level 1
12-07-2019
04:22 AM
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Phoebe - Isn't Line 6 = 2 x HO % (not Line 5 which is total SALT)?
Level 11
12-07-2019
04:22 AM
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Good catch - yes, that's a typo on Line 6.
PickemRED
Level 1
02-07-2020
06:15 PM
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Instructing users of a computer program for preparing tax returns that a manual worksheet is required is not a solution! It is just one more shortcoming of the program.
Paul11
Level 1
10-05-2020
09:22 AM
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The worksheet should be a part of the 8829 Page 23 form. Being asked to do it manually is unacceptable for a program we pay thousands of dollars each year to use.