TaxGuyBill
Level 15
12-07-2019
09:08 AM
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A corporation does not have a home to take a home office deduction, therefore there is no deduction on the 1040.
For the future, if the corporation were to either rent office space from the shareholder or reimburse the shareholder/employee for office expenses (preferably under an Accountable Plan), then the corporation could take a deduction for what it pays.
For the future, if the corporation were to either rent office space from the shareholder or reimburse the shareholder/employee for office expenses (preferably under an Accountable Plan), then the corporation could take a deduction for what it pays.