Form 8829 calculation On business use of home

Forum|Forum|6 years ago
January 25, 2020
16 replies
71 views

form 8829 is not calculating for mortgage interest indirect expense.

ProSeries Professional

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Just-Lisa-Now-

Intuit Community Champion

What parts isnt working properly?

Someone over in the FB Proseries group said it wasnt transferring the personal portion over to Sch A, but it ended up she was entering it on Line 10, rather than in the Smart Worksheet above line 10.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

J

jaftaxAuthor

Level 3

When I entered the mortgage interest in the smart worksheet, it did not calculate the business use percent and bring it down to line 10 on form 8829, it did calculate the portion that was personal use and transfer that to schedule a with no problem .

Just-Lisa-Now-

Intuit Community Champion

Im not seeing that issue....do you have the rest of the 8829 filled in (specifically Line 7, and Line 7 comes from the entries on lines 1 and 2)? It needs the % ratio to determine the business use on line 13

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

RollTide68

Level 7

Looks like the smart worksheet is not adding up the indirect interest, PMI, and points for line 10. Direct interest column seems to be working. Other than that it looks as if the form is calculating correctly.