I am employed by an employer (Company A) and I also established my own multi-member LLC last year in Texas. I need to file my personal taxes along with my business taxes.
For my personal taxes, I would like to add my home office usage for multi-member LLC. My multi-member LLC is mainly run by me, and my partnership agreement requires to use of my home office (we do not have any other physical place to work). I am trying to use the "Worksheet to Figure the Deduction for Business Use of Your Home" (Simplified Method) [p. 26] of Publication 587. We did not have any income from our multi-member LLC last year but I have income from my original employer (Company A). I am not sure what should I use in Line 1 of Simplified Method (Enter the amount of the gross income limitation). As I said, I have income from company A (for example 80K) and zero from multi-member LLC which I used my home office for it. My office space is around 200 sqf.
