Should utilities in a home based LLC partnership be expensed on Business tax form or personal home office on 1040?

jcarson3rd — Thu, 06 Jun 2019 13:35:46 GMT

If you have a home office you can take it as a business e...

kristamanna — Thu, 06 Jun 2019 13:35:48 GMT

If you have a home office you can take it as a business expense under the home office section. Turbo tax will cal calculate a portion of the expenses based on your square footage. Unless your LLC has a completely separate utility bill / building it cannot be taken as a direct expense.

topic Should utilities in a home based LLC partnership be expensed on Business tax form or personal home office on 1040? in Business & farm

Should utilities in a home based LLC partnership be expensed on Business tax form or personal home office on 1040?

If you have a home office you can take it as a business e...