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Home office deduction

Jerry C
Level 4

I have a client who received a K1 (His co. with a partner (LLC) - Partnership 1065) from his CPA for his business. He wants to claim a home office deduction on his personal return. After some research, it says you can claim a home office deduction via a LLC on Schedule E, Pat 2. Yes, the income from the K1 shows up on Part 2 but there nowhere to add expenses or additional deductions. And yes, Schedule E is for Rentals.

So, the question: is it possible to take a home office deduction in this scenario and if so what schedule (and I know it's not schedule C).

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1 Best Answer

Accepted Solutions
Just-Lisa-Now-
Level 15
Level 15

K-1 worksheet, below Line 20z, is a quickzoom button to UPE Unreimbursed partner expenses, if PS has a way to link the OIH for a partner, thats where it would be.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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4 Comments 4
Just-Lisa-Now-
Level 15
Level 15

K-1 worksheet, below Line 20z, is a quickzoom button to UPE Unreimbursed partner expenses, if PS has a way to link the OIH for a partner, thats where it would be.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Terry53029
Level 15
Level 15

When in client file. top menu "where do I enter" type in UPE, and go to the UPE worksheet

Jerry C
Level 4

THAT WAS GREAT.

I JUST ADDED IN OTHER EXPENSES THE COMMENT, HOME OFFICE DEDUCTIONS

THANK YOU

 

Jerry C
Level 4

THAT WAS GREAT.

THANK YOU

I ADDED THE COMMENT UNDER OTHER EXPENSES, HOME OFFICE DEDUCTION

 

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