How can I deduct home office expenses from LLC pass-through partnership?

sim48001 · ‎June 5, 2019

I am self-employed filing tax return with turbo tax business. My company is an LLC pass-through partnership. The LLC report to the partner with form K-1.

Using TT business, there no place to enter home office expenses. Also with TT Premier under Job Related Expenses, I am not qualified to file home office expenses.
Can you please suggest where to file the home office expenses?
I am using a portion of my house exclusively, 100% for my business, and according to IRS I am eligible to claim a home office expense.

Critter · ‎June 5, 2019

Ok ... first the 1065 ... the partnership doesn't own the home so there is no OIH section so nothing is passed thru on the K-1.

Next, the OIH deduction for employees is gone but not for a partner reporting on a K-1 ... that is entered ONLY in the K-1 section ... watch for this screen...

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sim48001 · ‎June 5, 2019

Thanks. Since there no specific home office expenses listed, should I ender my expenses under Miscellaneous Supplemental Expenses? Do I need to itemize expenses, or just enter lump sum?

Critter · ‎June 5, 2019

You need to complete the form 8829 yourself and enter the bottom line total.

sim48001 · ‎June 5, 2019

Form 8829 specifically stating at the top of the of form, that it can be only used with schedule C. I am not schedule C, I am using form K-1 reported to me from LLC pass-through partnership (owned by my wife and me).

sim48001 · ‎June 5, 2019

Form 8829 specifically stating at the top of the of form, that it can be only used with schedule C. I am not schedule C, I am using form K-1 reported to me from LLC pass-through partnership (owned by my wife and me).

Critter · ‎June 5, 2019

And you will not be attaching the form 8829 to the return ... it is just a tool to get the amount to enter for the OIH since there is no worksheet for a 1065. Keep the form with your papers incase the IRS questions the deduction.

sim48001 · ‎June 5, 2019

Thank you for your help.

How can I deduct home office expenses from LLC pass-through partnership?

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Business & farm

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