MinhT1
Expert Alumni

Deductions & credits

Please read this Journal of Accountancy article especially the section on PARTNER'S HOME OFFICE DEDUCTION.

 

The easiest to implement this solution is to create a Schedule K-1 with Name of Partnership UPE as the issuer and include your home office deduction as a negative number in box 1. Form 8829 can be used to determine the appropriate deduction, but the form itself does not need to be filed.

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