David Smith wrote:

- quote -

No. There will be only one form 8829 per residence, not per
activity.

- quote -

It doesn't quite work that way. It works more like the
determination of "net business income" used for section 179
purposes (limitations). One nets all income and business
losses, including capital transactions, which relate to the
use of the home, and that is what goes on line 8 of form
8829.

- quote -

Not a problem. It is even possible to have unused expenses
left over when the business use of home ceases that get
carried forward for years, to be offset by some new business
use of home activity that isn't even started until a decade
later (e.g.). The carryforward is like a capital loss; it
carries forever until used (except that there's no $3k/year
deduction allowance like a CL has) or the taxpayer dies.

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david99135[at]hotmail.com (David Smith) wrote:

- quote -

Answer - Yes and you are required to do just that.

- quote -

Answer - no that is not a problem and indeed can happen.

- quote -

Answer - depends what you mean about changed the nature of
your business. Are you starting a new business or did you
alter your current business to make it more profitable. For
example, if you were a dog walker but wanted to make more
money so you added extra services like giving dogs a bath
and or taking them to vet appointments I do not think that
would be a new business. It is just an expansion of the
current business. Yes, I beleive carryover expenses are
lost if you abandon the business before it makes a profit.
And if you are not making a profit for a few years you may
have hobby loss issues to contend with anyway.

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Newsgroups: misc.taxes.moderated

If you file two schedule C's each year, for business activities that
aren't related to each other, but are both run from your home, is it
appropriate to file a separate home office expense form with each
schedule C?

If one of the business activites results in a loss, such that its home
office expenses are carried forward, but the other results in a
profit, such that its home office expenses are deducted, is there any
conflict between the two? In other words, is there any reason why it
might not be appropriate to deduct home office expenses for one
business while at the same time carrying them forward for another
business?

What if you carry the expenses forward for more than one year, then
change the nature of your business, and start making a profit. Can
you deduct the carried expenses at that point? Or only if it's still
the same business activity of the original expenses?

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