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COPYRIGHTED MATERIAL Part One: The Tax Organizer 33 Your Time-Space Percentage 1) If you have no entries in column (J): Enter the amount from line (K) on Form 8829, line 1. Enter the amount from line (M) on Form 8829, line 2. 2) If you have any entries in column (J), you have one or more rooms that are used exclusively for your business. Calculate your Time-Space percentage for these rooms as follows: Enter the amount on line (J) __________ Enter the amount on line (M) __________ Divide (J) by (M) = __________% (N) Space percentage for exclusive-use rooms Enter the amount on line (K) __________ Enter the amount on line (M) __________ Divide (K) by (M) = __________% (O) Space percentage for regularly used rooms Enter the amount from line (G) or (I) = __________ (P) Enter the total number of hours in the year from Form 8829, line 5* ______ (Q) Divide (P) by (Q) = __________ (R) Time percentage for regularly used rooms Multiply: (O) __________ x (R) __________ = __________ (S) Time-Space percentage for regularly used rooms Add: (N) __________ + (S) __________ = __________ (T) Final Time-Space percentage Enter the Final Time-Space percentage (T) amount on Form 8829, line 7. Do not fill in lines 1–6. Attach a copy of these calculations to Form 8829. *If you weren’t in business as of January 1 of last year, enter the number of hours in the year from the day you started your business until December 31 of last year. COPYRIGHTED MATERIAL