Puravidacpa
Level 2

Hi Terry,

My understanding is that even with the accountable plan you are required to factor in depreciation (even though we all know we're not taking that depreciation on the 1040, it is being deducted on the 1120S). Therefore, there's a little tracking issue that we need to stay on top of for the eventual sale of the shareholder's home, even with the accountable plan in place. 

 

I agree that the old rent your home office to the corporation is archaic and most definitely not the way to go.

0 Cheers