how member of multi-member LLC reports their own expenses for LLC

How does member of multi-member LLC reports their own expenses for LLC? This link

formatting link

080222075857AAhkpQs says touse Schedule A, which makes the deduction subject to the 2% haircut and AMT. However that seems true if you are an employee of the LLC. See

formatting link

As an owner you can do it on Schedule E page 2, line 28 with "UPE" in column (a) per the instructions for Schedule E.

What's wrong if one does it in Schedule C? Schedule C has a link to form 8829, so you can easily compute the expenses, and they wind up on page 1 of 1040. By using Schedule E you have to use the worksheet in publication 587, and report other expenses in your own forms, and then only the end number shows up in Schedule E which gets eFiled.

The LLC has business use of home, travel, supplies, etc.

Also, adding the expenses to the owner's capital account just decreases the capital gain when you sell, which makes it a 15% deduction years from now. Whereas when it is deducted as a current expense, it is worth more now.

link

formatting link

080222075857AAhkpQssays to useSchedule A, which makes the deduction subject to the 2% haircut and AMT. However that seems true if you are an employee of the LLC. >

8829, so you can easily compute the expenses, and they wind up on page 1 of 1040. By using Schedule E you have to use the worksheet in publication 587, and report other expenses in your own forms, and then only the end number shows up in Schedule E which gets eFiled.

Only that if you do it right, you use Schedule E. Also, to do it right, there must be an agreement that the members incur these LLC costs out of their own pockets without reimbursement. It is highly preferable that this agreement be in writing.

Again, to get an office in home deduction, there must be an agreement by the members that the specific member you're talking about will provide his/her own office space.

capital gain when you sell, which makes it a 15% deduction years from now. Whereas when it is deducted as a current expense, it is worth more now.

That would be a possible option if the members have not agreed as above.