The ordinary and necessary business expenses the
partnership agreement requires you to pay are reported on Form 1040 Schedule
E page 2, click here
for Instructions to Form 1040 Schedule E, (see page E-9 Unreimbursed
Partnership Expenses), click here
for information on the home office deduction for partners in a partnership.
To enter partnership expenses in Turbo Tax
Self-Employed:
·
Open the return
·
Select the Personal tab
·
Scroll down to Business Investment and
Estate/Trust Income section
·
On the Schedule K-1 line, click Start
·
Go thru the screens and answer the questions,
until you get to the Describe the Partnership page
·
On the Describe the Partnership page,
click the box I am required
to pay supplemental business expenses on behalf of this partnership/LLC for
which I am not reimbursed expenses, click Continue
·
On the Unreimbursed Partnership Expenses page,
click Yes
·
Click through the following screen and enter the
appropriate amount
NOTE: You will calculate the amount allowed as a
home office deduction, and you can enter that amount on the Miscellaneous
Supplemental Expense screen
