kendallfs
Level 1
‎12-07-2019 04:22 AM

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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PhoebeRoberts
Level 11
Level 11
‎12-07-2019 04:22 AM

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

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kendallfs
Level 1
‎12-07-2019 04:22 AM
Thank you Phoebe!
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art-jenkins
Level 1
‎12-07-2019 04:22 AM
Phoebe - Isn't Line 6 = 2 x HO % (not Line 5 which is total SALT)?
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PhoebeRoberts
Level 11
Level 11
‎12-07-2019 04:22 AM
Good catch - yes, that's a typo on Line 6.
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PickemRED
Level 1
‎02-07-2020 06:15 PM

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

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.