User's Manual - Drake Software

Office in Home
Drake Software User’s Manual
Business Mileage
Prior-Years Mileage
To apply an AUTO screen to a specific form, select the form type from the For menu.
Use the multi-form code (MFC) box as necessary; see “Associating One Screen with
Another” on page 73 for more on using the For and Multi-form code boxes in Drake.
The 2012 standard business mileage deduction rate for the 2012 tax year was 55.5
cents per mile. Use the applicable field on the AUTO screen to enter business miles
driven in 2012.
The Prior Years Mileage fields allow you to keep a running total of the mileage covered
by the vehicle since being placed in service. The total amount is used to calculate
the cumulative business percentage for the life of the vehicle. It is also used to calculate
the business cost and sales price when the vehicle is sold.
Prior-year mileage data is updated each year when you update your system.
IMPORTANT
The business mileage fields must be completed to compute business
use percentage for depreciation (Form 4562).
Office in Home
Screen code: 8829
Enter information for Form 8829, Expenses for Business Use of Your Home, on the
8829 screen, accessible from the Adjustments tab.
Applying 8829 Data to a Form
The 8829 screen can be applied to Schedules C and F, Form 2106, and Schedule K-1
for Partnership. Select the form type from the For menu at the top of the 8829 screen.
Use the Multi-form code box as needed (default is “1”). (See “Associating One
Screen with Another” on page 73.)
Special
Conditions:
Form 2106
The multi-form code information must be modified slightly if the 8829 screen is being
associated with a Form 2106 (Employee Business Expenses) and the spouse has a
2106 form. The program numbers all primary taxpayer 2106 forms before numbering
the spouse 2106 forms, as shown in Table 5-18.
Table 5-18: Screen 8829 Multi-form Codes for Form 2106
If the 2106 is for ...
Enter this
code:
Primary taxpayer 1
Primary taxpayer (and it is the primary taxpayer’s second 2106) 2
Spouse (and the primary taxpayer does not have a 2106) 1
Spouse (and the primary taxpayer does have a 2106) 2
172 Tax Year 2012