Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Form 8829 calculation On business use of home

Highlighted
Level 2
last updated ‎January 25, 2020 3:13 AM

form 8829 is not calculating for mortgage interest indirect expense.   

Labels (1)
0 Cheers
14 Replies 14
Highlighted
Level 15
Level 15
last updated ‎January 25, 2020 3:13 AM

What parts isnt working properly?

Someone over in the FB Proseries group said it wasnt transferring the personal portion over to Sch A, but it ended up she was entering it on Line 10, rather than in the Smart Worksheet above line 10.

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Highlighted
Level 2
last updated ‎January 25, 2020 3:13 AM

 When I entered the mortgage interest in the smart worksheet, it did not calculate the business use percent and bring it down to line 10 on form 8829, it did calculate the portion that was personal use and transfer that to schedule a with no problem .

0 Cheers
Highlighted
Level 15
Level 15
last updated ‎January 25, 2020 3:13 AM

Im not seeing that issue....do you have the rest of the 8829 filled in (specifically Line 7, and Line 7 comes from the entries on lines 1 and 2)?  It needs the % ratio to determine the business use on line 13


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
0 Cheers
Highlighted
Level 8
last updated ‎January 25, 2020 3:13 AM

Looks like the smart worksheet is not adding up the indirect interest, PMI, and points for line 10.    Direct interest column seems to be working.  Other than that it looks as if the form is calculating correctly.

0 Cheers
Highlighted
Level 15
Level 15
last updated ‎January 25, 2020 3:13 AM

Looks fine here, what am I missing?

88291.png

 

 

88292.png


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
0 Cheers
Highlighted
Level 8
last updated ‎January 25, 2020 3:13 AM

Untitled.png

had to manually enter $5,750 on line 10.  Once I did that and then deleted line 10 it re-populated with the correct $5,750.

Highlighted
Level 5
last updated ‎January 25, 2020 3:13 AM

I see what you are saying I have to do that also

 

0 Cheers
Highlighted
Level 5
last updated ‎January 25, 2020 3:13 AM

Mine is not working also I guess it needs an update.

 

 

 

0 Cheers
Highlighted
Level 15
Level 15
last updated ‎January 25, 2020 3:13 AM

Im at home, so I only have one client file here with an 8829 so I dont have any others to check, I hope its not some random thing...I updated either Thurs or Friday, seems to work for this one client.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
0 Cheers
Highlighted
Level 15
Level 15
last updated ‎January 25, 2020 3:13 AM

Ohhh, it is random, I just added an 8829 to my own return and its acting like this.  Good gawd, what next!?!

@IntuitAustin  can you take a peek at this, looks like the 8829 got broke at some point in the last few weeks.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
0 Cheers
Highlighted
Level 15
Level 15
last updated ‎January 25, 2020 3:13 AM

Wait, heres a workaround.....when I put something in the smart worksheet, nothing appears in box 10 UNTIL I use the Delete key in box 10, then it appears!

@IntuitAustin 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Highlighted
Level 2
last updated ‎January 25, 2020 3:13 AM

Yes,  deleted my estimate and now it does appear to be correctly working .

 

Highlighted
Level 12
last updated ‎January 25, 2020 3:13 AM

For my own return, I think I had to delete the "0" that was on Line 10, then it flowed.

Highlighted
Level 15
Level 15
last updated ‎January 25, 2020 3:13 AM

yes, delete the zero    I guess the programmers dont understand a blank line and a zero are 2 totally different things


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪