Home office deductions for 1065 Returns

Forum|Forum|5 years ago
May 2, 2021
3 replies
21 views

If one partner in a partnership return has a home office how would that be claimed/reported as a deduction?

ProSeries Professional

This topic has been closed for replies.

Best answer by TaxGuyBill

Does the Partnership Agreement require the Partner to pay for such an expense?

If so, click the green "Where Do I Enter?" button and type "Sup" and open the Supplemental Expenses Worksheet.

You can fill manually fill out a Form 8829 (or create a temporary Schedule C to have the program help you with it) to determine what the Home Office deduction is, then enter that as an expense on the Supplemental Expense worksheet.

JRC

Level 7

Needs to be spelled out in the partnership agreement to deduct out of pocket expenses. But I'm not a lawyer and can't give out legal advice. So ignore what I said above.

T

TaxGuyBillAnswer

Does the Partnership Agreement require the Partner to pay for such an expense?

If so, click the green "Where Do I Enter?" button and type "Sup" and open the Supplemental Expenses Worksheet.

You can fill manually fill out a Form 8829 (or create a temporary Schedule C to have the program help you with it) to determine what the Home Office deduction is, then enter that as an expense on the Supplemental Expense worksheet.

P

parvitstaxAuthor

Level 6

That's a great way to do it. Use schedule C to get the allowable value! Thanks.

Sign up

Login with SSO

Let's get you signed in

Login with SSO