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If you used your home for business and you are filing Schedule C (Form 1040), you will use either Form 8829 or the Simplified Method Worksheet in your Instructions for Schedule C. The rules in this publication apply to individuals.
This publication explains how to figure and claim the deduction for business use of your home. It includes special rules for daycare providers.
the following applies. deduct the expenses for the business use of your home under the principal place of business test, your home must • You use part of your home for the storage of inven- be your principal place of business for that trade or busi-tory or product samples (discussed next). ness. To determine whether your home is your principal
Form: IRS Pub. 587 (Business Use of Your Home) Description: This is the IRS publication for Business Use of Your Home. Review the IRS Web site at www.irs.gov for any revision to this form.
If you are an employee, a partner, or you file Schedule F (Form 1040), use the preceding worksheet to figure your deduction for the business use of your home. The following instructions explain how to complete each part. If you file Schedule C (Form 1040), use Form 8829 to figure the deductions and attach the form to your return. Lines 1-3.
IRS Publication 587 provides essential guidelines for calculating and claiming a deduction for the business use of your home. This publication includes information on qualifying criteria and deduction methods to benefit both self-employed individuals and business owners.
deduct expenses for the business use of your home. To qualify to deduct expenses for business use of your We respond to many letters by telephone. Therefore, it home, you must use part of your home: would be helpful if you would include your daytime phone number, including the area code, in your correspondence.
