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How can I deduct home office expenses from LLC pass-through partnership?
I
am self-employed filing tax return with turbo tax business. My company is an
LLC pass-through partnership. The LLC report to the partner with form K-1.
Using TT business, there no place to enter home office expenses. Also with TT
Premier under Job Related Expenses, I am not qualified to file home office expenses.
Can you please suggest where to file the home office expenses?
I am using a portion of my house exclusively, 100% for my business, and
according to IRS I am eligible to claim a home office expense.
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How can I deduct home office expenses from LLC pass-through partnership?
Ok ... first the 1065 ... the partnership doesn't own the home so there is no OIH section so nothing is passed thru on the K-1.
Next, the OIH deduction for employees is gone but not for a partner reporting on a K-1 ... that is entered ONLY in the K-1 section ... watch for this screen...
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How can I deduct home office expenses from LLC pass-through partnership?
Ok ... first the 1065 ... the partnership doesn't own the home so there is no OIH section so nothing is passed thru on the K-1.
Next, the OIH deduction for employees is gone but not for a partner reporting on a K-1 ... that is entered ONLY in the K-1 section ... watch for this screen...
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How can I deduct home office expenses from LLC pass-through partnership?
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How can I deduct home office expenses from LLC pass-through partnership?
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How can I deduct home office expenses from LLC pass-through partnership?
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How can I deduct home office expenses from LLC pass-through partnership?
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How can I deduct home office expenses from LLC pass-through partnership?
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How can I deduct home office expenses from LLC pass-through partnership?
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