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    Partnership reimbursement

    Partnership reimbursed a partner for part of his rent (storage) and internet usage at home. How does the partner account for the reimbursement? I am thinking it goes to a Schedule E. Can he deduct his home rent and his internet expense to offset the reimbursement?

    #2
    Anyone in the know please give advice...

    *shamelessly push this question back to the topic*

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      #3
      Can you not just expense the items to the partnership and the money to pay it is like an investment to him--my knowledge and experience is EXTREMELY limited on partnerships though. Or are you just going from his K-1?

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        #4
        The partner does not have income to the extent that the partnership reimbursed him for expenses he incurred on behalf of the partnership.

        Maribeth

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          #5
          I'm still thinking this is partnership expense, not income to him as a partner?!

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            #6
            Yes, to Maribeth, and, yes, to SuperMom.

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