BulldogTom Posted December 20, 2015 Report Share Posted December 20, 2015 Taxpayer has an office in his home. Moved at the end of last year (Dec 2014). Moved the office into the new home but had very little home office expense in the new home. I put in (2) form 8829's last year. The old home office that is no longer occupied had a carryover of unallowed expenses due to the income limitation. Can those unallowed expenses be carried forward to the new home office this year? Old home office was in home he rented, so none of it was depreciation or other Sch. A type deductions. The new home office is in a home he bought, but last year had not made any mortgage payments yet. The taxpayer has a growing business and even though the carryover will probably not help him this year, it looks like next year it will so I am trying to preserve the deduction if I can. Thanks in advance Tom Newark, CA Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted December 21, 2015 Report Share Posted December 21, 2015 Yes, the carryover is usable, whether or not you live in the same home during that year. 2 Quote Link to comment Share on other sites More sharing options...
Catherine Posted December 21, 2015 Report Share Posted December 21, 2015 What KC said. Carry over until used OR he closes the business. that's the limitation: if the business ends any un-used expense is lost. 2 Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted December 21, 2015 Author Report Share Posted December 21, 2015 So, do I continue using (2) 8829's to keep the carry over associated with the office that generated it or just transfer the carry over to the new home office 8829? Thanks so much for your help. Tom Newark, CA Quote Link to comment Share on other sites More sharing options...
Catherine Posted December 21, 2015 Report Share Posted December 21, 2015 I'd just use one; it's the carryover that is pertinent, not which house it was associated with. 3 Quote Link to comment Share on other sites More sharing options...
BHoffman Posted October 3, 2016 Report Share Posted October 3, 2016 I have a client who is winding down her Sch C business and has a home office deduction carryover. She had a little income of $8k. She says she really didn't use her home office in 2015. I want to simply apply the 8829 carryover as her home office deduction to that income without incurring any more home office deductions. Can I stop the depreciation as of 01/01/15, and use form 8829 for the carryover only? It would be just about used up if so. And can I enter the 2015 mortgage interest and property taxes only on Sch A? Quote Link to comment Share on other sites More sharing options...
BHoffman Posted October 4, 2016 Report Share Posted October 4, 2016 Well, no. If the home office is no longer being used, the carryover is lost. Quote Link to comment Share on other sites More sharing options...
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