Judy B
Level 1
2 weeks ago
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Client sold home that was being used as a home office. Had a carryforward from 2024. Can the carryforward be used in 2025, when they no longer have a home office, against 2025 Sch C income? If so, do you just use a blank 8829 except for the carryforward?
strongsilence
Level 11
2 weeks ago
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If the home was sold in 2025 deduct the carryovers to the extent of business income and subject to the normal ordering rules. And no, you generally don’t file a “blank” Form 8829 just to claim it. So, calculate it and list it in the other deductions.
sjrcpa
Level 15
2 weeks ago
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The carryover from 2024 should have rolled over so there should be an 8829 that is "blank" except for the carryover losses.
As @strongsilence said, carryover losses are deductible to the extent of this year's business income. Otherwise lost.
The more I know the more I don’t know.
