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How to report home office expense deduction for a sub-s corp?

Level 1
Has plan with Sub-S to pay for office expenses.  Where is this reported in the return and should the building depreciation of allocable portion to the home office be reported in the home office expense line or should be listed on the depreciation schedule?
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3 Replies 3
Level 15

"Has plan with Sub-S to pay for office expenses"

So, did the Sub S actually pay for those office expense according to that plan?

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Level 15

"Where is this reported in the return"

Are you working on 1040 or 1120S?

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Level 15

Here is how you would do it on a 1040 - Find Business Use of Home (8829) in Deductions  > Select 7 (Schedule E (S Corporation)) in the first drop down, then the specific K-1 in the 2nd drop down, then enter all the information for office in home.  If depreciation, enter in the depreciation area and link it to this 8829.  BUT see #4 at  https://amynorthardcpa.com/deduct-home-office-s-corp/

 

 


ex-AllStar