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jcarson3rd
New Member

Should utilities in a home based LLC partnership be expensed on Business tax form or personal home office on 1040?

 
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kristamanna
New Member

Should utilities in a home based LLC partnership be expensed on Business tax form or personal home office on 1040?

If you have a home office you can take it as a business expense under the home office section.  Turbo tax will cal calculate a portion of the expenses based on your square footage.  Unless your LLC has a completely separate utility bill / building it cannot be taken as a direct expense.

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