charles3
New Member

My 2 partners and I (multimember llc) would like a home office deduction. How should I go about filing for this?

We are a multimember llc and just filed our business taxes through TT Business. According to our partnership agreement each of us are required to pay a certain amount each month for rent and other expenses. Our primary place of business is a single house in which all of us live and most of the house is allocated for business use (we run a small production company). I'd like to know how we can receive the home office deduction? Should I have filed this with our business tax or can each of us apply what we pay each month toward this home office deduction, if so then how? Each partner has already received their Schedule K-1 without the home office rent applied.