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Can expenses related to a business owner's vacation home be deductible business expenses for the portion used by the employees?

marlo
Level 1

The vacation home is owned by the sole stockholder of a Scorp.

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Accountant-Man
Level 12

I don't know the answer, but I vote no.

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

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4 Replies 4
Marc-TaxMan
Level 8
He lets employees stay in his 100% vacay home?  No other 'rental?'  Do employees get reported as taxable income for this fringe benefit?
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marlo
Level 1
No rents and has not reported on W-2 as this is the first year for this.
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Marc-TaxMan
Level 8
I assume this is not a fringe benefit available to any employee, but just a select few top people.
Marlo:  I do not know the answer, but the brains out there will know
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Accountant-Man
Level 12

I don't know the answer, but I vote no.

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

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