Also, the LLC partnership Home Office was 21% of our residence, and included as that in our 1065 partnership returns for depreciation of 21% of the value of the residence over 39 years. That is the UnRecaptured gain I evidently need to pay tax upon for that business. I have kept records on this Home Office for the last 11 years, and was unsure of how to handle it since we redid the business into a Sole Proprietorship. In QuickBooks I've generated all separate expenses & income due to the need to pay state taxes in NE, but not TX.
