BCW60
Level 2
03-08-2021
01:53 AM
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Thank you!! I believe I finally get it.
I have been viewing a the 8829 home office as an "all or nothing", so when I read the instructions, I was expecting the entire allocation was NOT allowed with a loss. Now I see that the Mortg & Int ARE ALLOWED with a loss, and the lower section of other indirect expenses are NOT allowed with a loss and are carried over to next year.