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shannan
New Member

I purchased home and business, we are self employed with a K-1 and trying to add home office

Having trouble with home office deduction because it wants to add income but we have a K-1

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2 Replies
DanielV01
Expert Alumni

I purchased home and business, we are self employed with a K-1 and trying to add home office

If your K-1 is from a Partnership, (Form 1065), follow these instructions to enter your home office expenses as Unreimbursed Partnership Expenses (UPE):  

Both the K-1 amounts as well as the UPE can be reported through the K-1 interview.  At the end of this answer, I will provide an FAQ which provides instruction on how to access the K-1 interview.   About halfway through the interview, you will see a screen entitled Describe the Partnership.  The first checkbox says "I am required to pay supplemental expenses on behalf of this LLC/Partnership for which I am not reimbursed." Click on that box in order to generate the interview to enter your unreimbursed partnership expenses.

To access the K-1 interview, please follow the instructions in this FAQ:  https://ttlc.intuit.com/replies/3301717 

Please note:  If you are receiving the K-1 from an S-Corp, you cannot take these deductions.  You need to have the S-Corp reimburse you for the expenses.

 

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shohensee
New Member

I purchased home and business, we are self employed with a K-1 and trying to add home office

Okay so if I have k-1’s but have a home office I would put the utilities and depreciation of home etc for the space size that the business uses under the unreimbursed partnership expenses instead of under the home office schedule C?
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