Daycare and Taxes>Form 8829 Help

snbauser 06:07 PM 01-11-2015

Normally I use MMK and it does all these calculations for me but since we moved July 1 last year, I have to figure out my time/space % manually. I am really confused on filling in Part I. I read the instructions and Tom's blog but am still confused. Here are my specifics for home #1.

Total sq footage of home - 2358

Total sq footage used exclusively for daycare - 636 or 27%

Total sq footage used regularly for daycare - 569 or 24%

Total hours daycare related - 1238.25

Total hours available - 4320

Can someone tell me what numbers go on what line on form 8829? I know how to calculate it but can't figure out what goes where on their form. Thanks.

Total sq footage of home - 2358

Total sq footage used exclusively for daycare - 636 or 27%

Total sq footage used regularly for daycare - 569 or 24%

Total hours daycare related - 1238.25

Total hours available - 4320

Can someone tell me what numbers go on what line on form 8829? I know how to calculate it but can't figure out what goes where on their form. Thanks.

TomCopeland 08:05 AM 01-12-2015

Normally I use MMK and it does all these calculations for me but since we moved July 1 last year, I have to figure out my time/space % manually. I am really confused on filling in Part I. I read the instructions and Tom's blog but am still confused. Here are my specifics for home #1.

Total sq footage of home - 2358

Total sq footage used exclusively for daycare - 636 or 27%

Total sq footage used regularly for daycare - 569 or 24%

Total hours daycare related - 1238.25

Total hours available - 4320

Can someone tell me what numbers go on what line on form 8829? I know how to calculate it but can't figure out what goes where on their form. Thanks.

Here's how you calculate this:

Exclusive use space: 27%

Regular use space: 1238.25 hours divided by 4320 hours = 28.66% x 24% space = 6.8%

27% + 6.8% = 33.8% time-space

Enter 33.8% on line 7 and leave lines 1-6 blank.

zelma 01:29 PM 01-12-2015

What is MMK? Is that a software?

TomCopeland 01:33 PM 01-12-2015

What is MMK? Is that a software?

snbauser 02:39 PM 01-12-2015

Thanks Tom!