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S corp home office stipulated in OpAgreement to be reimbursed rather than Schedule E?
Is it okay to include in operating agreement that shareholders will be reimbursed for the share off office expense to the maximum of Simplified method rate, ie. $5/sq ft, max of 300sq ft? Doing this avoids preparing schedule E, if 1500 a year office expense is sufficient? Or is it better to do Schedule E? Thanks
