What is the Simplified Method Worksheet in the instructions to figure the amount to enter on line 30?
please let me know what information you need if this isnt enough info.
Instructions 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: $2,800 Utilities Cleaning 900 Insurance 1,100 Property taxes 2,000 Schedule 29 79,036 29 Tentative profit or loss). Subtract line 28 from line 7 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see instructions), Simplified method filers only: enter the total square footage of: (a) your home: 2,500 and (b) the part of your home used for business: 250 Use the Simplified Method Worksheet in the instructions to figure the amount to enter on line 30 30 2,250 X 31 76,786 X 31 Net profit or loss). Subtract line 30 from line 29. . If a profit, enter on both Schedule 1 (Form 1040 or 1040-SR), line 3 (or Form 1040-NR, line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see Instructions). Estates and trusts, enter on Form 1041, line 3 } If a loss, you must go to line 32 TLC LLWCCIONS 26 56,430 16a a Mortgage (paid to banks, etc.) 26 Wages (less employment credits).. 27a 16b 27b 17 28 157,964 29 79,036 b Other ... 27a Other expenses (from line 48) 17 Legal and professional services 5,600 b Reserved for future use. 28 Total expenses before expenses for business use of home. Add lines 8 through 27a .. 29 Tentative profit or loss). Subtract line 28 from line 7 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see Instructions). Simplified method filers only: enter the total square footage of: (a) your home: 2,500 and (b) the part of your home used for business: 250 the Simplified Method Worksheet in the instructions to nofire the amount to enter on line 30 Use 30 2,250 x 31 Net profit or loss). Subtract line 30 from line 2 . If a profit, enter on both Schedule 1 (Form 1040 or 1040-SR), line 3 (or Form 1040-NR, line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see instructions). Estates and trusts, } enter on Form 1041, line 3 31 76,786 X luxury automobile limitations. 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: Utilities $2,800 Cleaning 900 Insurance 1,100 Property taxes 2,000 x Instructions 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: Utilities $2,800 900 Cleaning Insurance 1,100 Property taxes 2,000 ho 29 79,036 29 Tentative profit or (loss). Subtract line 28 from line 7. 30 936 x 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see instructions). Simplified method filers only: enter the total square footage of: (a) your home: 2,500 and (b) the part of your home used for business: 250 Use the Simplified Method Worksheet in the instructions to figure the amount to enter on line 30 31 Net profit or loss). Subtract line 30 from line 29 If a profit, enter on both Schedule 1 (Form 1040 or 1040-SR), line 3 (or Form 1040-NR, line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, line 3 If a loss, you must go to line 32 31 78,100 X 32. If you have a loss, check the box that describes your investment in this activity. (see instructions) Form 8829 x 30 256 31 32 256 33 256 30 Depreciation of your home from line 42 below 31 Carryover of prior year excess casualty losses and depreciation (see instructions) 32 Add lines 29 through 31 33 Allowable excess casualty losses and depreciation. Enter the smaller of line 28 or line 32 34 Add lines 14, 27, and 33 35 Casualty loss portion, if any, from lines 14 and 33. Carry amount to Form 4684 (see instructions) 36 Allowable expenses for business use of your home. Subtract line 35 from line 34. Enter here and on Schedule C, line 30. If your home was used for more than one business, see instructions 34 936 35 A 36 936 29 79,036 29 Tentative profit or loss). Subtract line 28 from line 7 30 Expenses for business use of your home. Do not report these expenses elsewhere. Attach Form 8829 unless using the simplified method (see Instructions). Simplified method filers only: enter the total square footage of: (a) your home: 2,500 and (b) the part of your home used for business: 250 . Use the Simplified Method Worksheet in the instructions to figure the amount to enter on line 30 30 936 X 31 Net profit or loss). Subtract line 30 from line 29. If a profit, enter on both Schedule 1 (Form 1040 or 1040-SR), line 3 (or Form 1040-NR, line 13) and on Schedule SE, line 2. (If you checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041. line 3 } 31 78,100 X
