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New Member
posted Jun 6, 2019 6:35:46 AM

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

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New Member
Jun 6, 2019 6:35:48 AM

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.