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Husband/wife partnership LLC and Per diem question

dutchie

Seasoned Expediter
Hi all,
For any husband/wife teams that formed an LLC and have it as a partnership pass through.
Where do you enter your per diem expense:
as part of the K1?
On a schedule E(1040) as a “unreimbursed partnership expense” for each of you? Do you have something in your LLC agreement that refers to this?
Or
On your schedule A(1040) and you use the itemized deduction option (I don’t believe this is a good option, as it won’t reduce your tax liability by as much as it could)?

and to stop an obvious response, I am in contact with my Accountant regarding this, but would like to see all possible options for this.

Thanks for any input
 

RoadTime

Veteran Expediter
Owner/Operator
None of the above?

I'm a Sole Proprietor not a LLC. But all my sources for LLC point back to the same area as Sole Proprietor.
Schedules C
Expenses
Deductible meals and
entertainment

May want to check that out.
 

Worn Out Manager

Veteran Expediter
Owner/Operator
US Air Force
Also, check you state tax rules. When I set up in WV an LLC had an advantage. Moved to NJ and now a disadvantage as NJ has a $400 min Corp tax that I have to pay as LLC.

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