Partner rents part of his home to Company (client and Dad) where they do billing, bookkeping ect for business (propane delivery). Previous accountant has reported rent and related expensed including deprec. on Schedule E.
My concern is if sect 280A(c)(6) could dissallow the Home office deduction by considering the partner an employee. Or could this be considered a Self Employment activity since client is providing services as well as rent. I plan to research more but appreciate any comments you might have. I'm leaning towards leaving it as is for now.
My concern is if sect 280A(c)(6) could dissallow the Home office deduction by considering the partner an employee. Or could this be considered a Self Employment activity since client is providing services as well as rent. I plan to research more but appreciate any comments you might have. I'm leaning towards leaving it as is for now.
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