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what type of entity/ an s_corp or partnership? if so, there are rules for an S_Corp shareholder/ S-corp to take the HO deduction or if you were an employee of a partnership that later in the year became a partner and your w-2 was discontinued, then you may be entitled to a HO deduction for the portion of the year you were only a partner (really unclear), if this is your situation again there are specific rules that must be followed.
To clarify I am an owner in the K-1 Venture. It also pays me wages. I work at home because there is not another office to work from. So this work to help the promote and carry on the functions of the K-1 business cannot be deducted on my tax return?
This business is a 1120-S
@pbarber wrote:
This business is a 1120-S
See https://accountants.intuit.com/articles/home-office-deductions-expenses/
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