Question

Can I deduct home office expense on my Partnership Return Form 1065?

Forum|Forum|1 year ago
September 1, 2024
1 reply
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Business is run from home but no rent is paid by the business (partrnership)

TurboTax Online

M

Mike9241

see this thread for the requirements

Summary:

if you meet the rules to deduct HOE it can be done only one of two ways.

1) you don't deduct it on the partnership return but rather take a deduction entered under the UPE (unreimbursed partnership expense) section of your Turbotax 1040 K-1

2) establish an accountable plan and the partnership reimburses you. the partnership gets the deduction, and you have no taxable income from the reimbursement.

https://bogarassociates.com/blog/2020/8/20/two-correct-ways-to-deduct-your-home-office-with-a-partnership