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Business & farm
You have 2 options for reporting these expenses:
- Have your partnership reimburse you for the expense(s) and they will be considered reimbursed expenses on the partnership side.
- Deduct them on your personal tax return as a miscellaneous itemized deduction on Schedule A (Form 1040). Keep in mind that this option will limit your deduction to 2% of your adjusted gross income.
‎June 6, 2019
6:12 AM