deb514
Level 3
 
0 Cheers
Just-Lisa-Now-
Level 15
Level 15

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♥¸¸.•*¨*•♫♪
0 Cheers
Jim-from-Ohio
Level 11
Level 11

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

ok that sounds good.  I knew there had to be a way to take the deduction, just now sure how.

Thank you.

 

0 Cheers
qbteachmt
Level 15

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:

https://www.irs.gov/businesses/small-businesses-self-employed/faqs-simplified-method-for-home-office...

https://www.irs.gov/businesses/small-businesses-self-employed/simplified-option-for-home-office-dedu...

You want to avoid double-dipping those specific expenses.

*******************************
Don't yell at us; we're volunteers
0 Cheers