Home Office tab (Fixed Assets)

This is only available for 1040 projects.

Use the Home Office tab in the Assets tab to enter information about the business use of the client's home for a Business, Farm, Emp Bus, Sch K-1, or Miscellaneous activity.

Open an asset in Onvio Fixed Assets, then click the Home Office tab in the Assets tab.

The type of Home Office Asset type that you select will determine what fields are available. You can also mark the Simplified Home Office checkbox to calculate the home office deduction using the simple method.

The amounts that you enter for in the Direct and Indirect columns for Deductable Mortage Interest, Real Estate Taxes, and Excess Mortgage Interest transfer to Schedule A and Form 8829 in Onvio Tax.

Click the Other Expenses statement to enter the descriptions and direct and indirect dollar amounts for the other expenses.


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