Two singles formed a business partnership AND share the same home, which is owned by one of them. They use space in the home as a qualified business office. Can the home office expenses be prorated on the partnership return (1065)? Comments appreciated.
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If partners got reimbursed from partnership then it would go on the 1065. That does not seem to be the case.
Then these expenses potentially go on pg.2 Schedule E. One of the requirements is that the partnership agreements states that they have to incur these expenses and that no reimbursement is available through the partnership. -
Follow Up
Where can I find instructions for including expenses on Sch E, p. 2?Comment
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Small Business Edition TTB page 20-7
& a bit more @
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