B
BillyBoy
Guest
Hi,
I have a question about home-office deductions. I am self-employed and incorporated as an S-Corp. My corporate office is in my home and that office meets the test for a home office. My question is, where do I deduct my home office expenses?
Form 8829 is for Schedule C filers (according to the instructions). I file form 1120-S for the Corp and a Schedule E for myself.
Should I take the home office deduction as an employee deduction on Form 2106 and add it to my Schedule A, or should the Corporation take the deduction and put it somewhere on the 1120-S? (if the corp, then where on 1120-S does the deduction go?)
Thanks for your time,
- Bill
I have a question about home-office deductions. I am self-employed and incorporated as an S-Corp. My corporate office is in my home and that office meets the test for a home office. My question is, where do I deduct my home office expenses?
Form 8829 is for Schedule C filers (according to the instructions). I file form 1120-S for the Corp and a Schedule E for myself.
Should I take the home office deduction as an employee deduction on Form 2106 and add it to my Schedule A, or should the Corporation take the deduction and put it somewhere on the 1120-S? (if the corp, then where on 1120-S does the deduction go?)
Thanks for your time,
- Bill