deb514
Level 3
05-17-2023
08:27 AM
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Level 15
05-17-2023
08:54 AM
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The K-1 worksheet on the 1040 should have a button for UPE (unreimbursed partner expenses).
Look below Line 20.
EDIT: Youre right, I dont see a place to link to the 8829 in the UPE worksheet.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 11
05-17-2023
09:04 AM
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For this situation, I have used the UPE and deducted $ 5.00 a square feet, up to maximum of 300 square feet and labeled it home office expense.
deb514
Level 3
05-17-2023
09:12 AM
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ok that sounds good. I knew there had to be a way to take the deduction, just now sure how.
Thank you.
qbteachmt
Level 15
05-17-2023
11:31 AM
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If you use the simplified method ($5 x limit of 300 sf max), make sure you know what is and isn't already included in that amount:
You want to avoid double-dipping those specific expenses.
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