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Method for 2015 but are not using it for 2016, you can use any - irs-2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling out Part I. Enter the total area of your home used for business on lines 1 and 2, ensuring you calculate the business percentage accurately.
  3. In columns (a) and (b), input direct and indirect expenses related to your home office. Remember, direct expenses benefit only the business part of your home.
  4. For daycare facilities, follow the special computation steps if applicable. Calculate the business percentage based on exclusive and partial use areas.
  5. Proceed to Part II, where you will report gross income from your trade or business related to home use on line 8.
  6. Complete Part III by entering the cost basis of your home and land on lines 36 and 37 respectively, without adjusting for depreciation.
  7. Finally, review all entries for accuracy before saving or exporting your completed form.

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