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Can home office expenses be applied to Subchapter S Guaranteed payments

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Level 1
 
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Level 15

Do S-Corps HAVE guaranteed payments ????

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Level 15

Do S-Corps HAVE guaranteed payments ????

If a post answers your question, click on "Accept as solution" for future searches

View solution in original post

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Level 15
I'm pretty sure I was sick the day they covered that in school.
Wear a mask - the grandma you save could be your own.
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Level 15
I still can't post comments using Internet Explorer so I have to switch to FireFox if I want to post comments.  I see they got right on that issue when Susan and I brought it up :cry::cry:
Wear a mask - the grandma you save could be your own.
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Level 15
Sick - in the head from anvil strikes?  
Yep...up to the normal standard response time.
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Level 10

No, S corps do NOT have anything like Guaranteed Payments.

** I'm still a champion... of the world! Even without The Lounge.
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Level 15

No, but https://proconnect.intuit.com/articles/home-office-deductions-expenses/

Income tax returns are the most imaginative fiction being written today. — Herman Wouk
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