Home Office Deduction for Florida LLC/Partnership

Forum|Forum|3 years ago
March 13, 2023
2 replies
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What form do I use to claim a home office deduction for an LLC/PArtnership. I have both the Home and Business and Business SW for my desktop. I do not believe I shold use a Schedul C for this type of business.

TurboTax Business Windows

Best answer by Anonymous_

You can either seek reimbursement from the partnership under an accountable plan (if any).

Otherwise, you can deduct the cost as an unreimbursed partner expense (UPE) if required on Schedule E (you should see a screen for this in the process of entering your K-1).

Anonymous_Answer

Employee

You can either seek reimbursement from the partnership under an accountable plan (if any).

Otherwise, you can deduct the cost as an unreimbursed partner expense (UPE) if required on Schedule E (you should see a screen for this in the process of entering your K-1).

mglauner

If your Business is an LLC and you are a sole proprietor (or your spouse is your partner), you can use Schedule C to report Business Income and Expenses.

Partnership with a non-spouse would need to be filed on Form 1065 with TurboTax Business, and a K-1 issued to you to report your share of Partnership Income and Expenses on your return.

If the K-1 is from a partnership, does your partnership agreement require you to pay office expenses out of your own pocket?

If yes, you will need to calculate the expenses and enter them into TurboTax.
If no, you won't be able to take a deduction for office expenses.

Here's more info on How to Enter a Home Office Deduction.

@usfacs