Mu wife and I formed an LLP for our insurance business. We want to use the Simplified Method for our Home Use deduction
Where do we deduct this. We file a 1065 and both receive K-1's.
We use the Turbo Tax Business Edition then the Home & Business Edition as I have a small business in which I an self-employed and file a Schedule C. We do not use the home deduction for this secondary business.