QUESTION DETAIL
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I have a home office and I moved this year from one state to another state. I am wondering how exactly I should be reporting my home office expenses at the federal and state levels?
ANSWER
The BIDaWIZ Team's Answer:
You may report the total amount for both home office expenses on one form 8829 with your federal return or you could submit two 8829 forms with the appropriate allocation per each state. Whichever option you elect, you should ensure that the total amount is accurately reported on line 30 of your Schedule C. For state reporting purposes, generally you would only include the home office allocation for each state return. This is referenced in IRC Section 280A and IRS Publication 587.
The BIDaWIZ Team's Answer:
I would agree with the above statement. I would also add that if you have multiple businesses, you need separate Schedule C and Form 8829 Forms.