Linking home office deduction to partnership on Sch. E

Forum|Forum|5 years ago
May 11, 2021
10 replies
44 views

Is there a way to connect a home office deduction worksheet to a K-1 reported on Schedule E? I've been looking in the software for a good while but so far I've only found connections to the 2106 and Schedule C. Any help would be greatly appreciated.

ProSeries Professional

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Best answer by TaxGuyBill

No, there is not a way in ProSeries.

You either need to calculate it manually, or create a temporary 'fake' Schedule C with the Home Office to get the amounts (then print it for your own records and delete the fake Schedule C with the office).

qbteachmt

Level 15

Try this article:

https://proconnect.intuit.com/community/schedule-k-1/help/proseries-partnership-schedule-k-1-worksheet-faq-s/00/5465

Don't yell at us; we're volunteers

T

TaxGuyBillAnswer

No, there is not a way in ProSeries.

You either need to calculate it manually, or create a temporary 'fake' Schedule C with the Home Office to get the amounts (then print it for your own records and delete the fake Schedule C with the office).

D

danielkhayatAuthor

Level 2

Thank you! This is what I was looking for. Appreciate the help.

PATAX

Level 12

@danielkhayat make sure you closely read the rules for the home office deduction..... I believe one of the rules is that the home office must be used exclusively for business, that means 100%... Does your client use it 100% for business and no personal use?... Just my opinion...

D

danielkhayatAuthor

Level 2

Yes, the portion of the home used for business meets the exclusivity and use tests. The deduction will get prorated down proportionally based on the ratio of office square footage to overall home square footage.

qbteachmt

Level 15

You didn't mention what is the source of the K-1. Are you sure this even meets the current provisions for deducting?

"I've been looking in the software for a good while but so far I've only found connections to the 2106 and Schedule C."

Because nearly everything else was repealed by TJCA.

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