dbtaxsolutions
Level 4
12-06-2019
05:46 PM
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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
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rbynaker
Level 13
12-06-2019
05:47 PM
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I was not aware that the simplified method would meet the requirements for an accountable reimbursement. That could just mean I haven't heard about it (until now). I thought you had to reimburse a percentage of actual expenses.
Rick
