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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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March 9, 2022
8:44 AM
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