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Self employed
The home office deduction is taken on the individual tax return not the business return. You would first prepare the business return, file it and then bring the k-1 into the personal return. On the 1040, you would further reduce your taxable income by adding the home office. Keep in mind, my instructions are based on you having Partnership or an entity taxed as an S Corporation.
For a single member LLC, follow the instructions in the prior reply.
‎February 23, 2022
8:30 AM