Office in Home and 1120S

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  • JMGCville
    Junior Member
    • Oct 2019
    • 6
    #1

    Office in Home and 1120S

    One of my clients has an S-Corporation and I am working on their return. They do not have an office, but they do have a home office that is used regularly and exclusively for business. They’ve given me the square footage of the office, total square footage and expenses. Is there a deduction on the 1120S for home offices?
    Tags: None
    • TAXNJ
      Senior Member
      • Jan 2007
      • 2106
      #2
      This scenario has been addressed on the website. A simple “search” will provide results:



      https://forum.thetaxbook.com/forum/d...of-home-s-corp

      and

      https://forum.thetaxbook.com/forum/d...ome-for-s-corp
      Last edited by TAXNJ; 02-09-2021, 07:31 PM.
      Always cite your source for support to defend your opinion

        Comment

        • JMGCville
          Junior Member
          • Oct 2019
          • 6
          #3
          Thanks, TAXNJ!

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