How to complete Part III "Depreciation of You Home" on form 8829.

Instructions X 37 38 Trish also has a qualified home office of 250 sq. ft. Her home is 2,500 sq. ft. Her 2014 purchase price and basis in the home, not including land, is $100,000 (the home's market value is $150,000). She incurred the following costs in 2019 related to the entire home: Form 8829 X Part III Depreciation of Your Home 37 Enter the smaller of your home's adjusted basis or its fair market value (see instructions) 100,000 38 Value of land included on line 37. 150,000 x 39 Basis of building. Subtract line 38 from line 32 39 50,000 X 40 Business basis of building. Multiply line 39 by line 7 5,000 X 41 Depreciation percentage (see instructions) 41 10 X 42 Depreciation allowable (see instructions). Multiply line 40 by line 41. Enter here and on line 30 above ..... 500 X Part IV Carryover of Unallowed Expenses to 2020 43 Operating expenses. Subtract line 27 from line 26. If less than zero, enter-O- 44 Excess casualty losses and depreciation. Subtract line 33 from line 32. If less than zero, enter.o. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 13232M Form 8829 (20 40 42 44 Instructions X 37 38 Trish also has a qualified home office of 250 sq. ft. Her home is 2,500 sq. ft. Her 2014 purchase price and basis in the home, not including land, is $100,000 (the home's market value is $150,000). She incurred the following costs in 2019 related to the entire home: Form 8829 X Part III Depreciation of Your Home 37 Enter the smaller of your home's adjusted basis or its fair market value (see instructions) 100,000 38 Value of land included on line 37. 150,000 x 39 Basis of building. Subtract line 38 from line 32 39 50,000 X 40 Business basis of building. Multiply line 39 by line 7 5,000 X 41 Depreciation percentage (see instructions) 41 10 X 42 Depreciation allowable (see instructions). Multiply line 40 by line 41. Enter here and on line 30 above ..... 500 X Part IV Carryover of Unallowed Expenses to 2020 43 Operating expenses. Subtract line 27 from line 26. If less than zero, enter-O- 44 Excess casualty losses and depreciation. Subtract line 33 from line 32. If less than zero, enter.o. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 13232M Form 8829 (20 40 42 44