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https://www.upcounsel.com/s-corp-home-office-deductions#:~:text=Corporate%20reimbursement%20may%20be%20annual%2C%20monthly%2C%20or%20quarterly.,forward%20depreciation%20schedules%20to%20recapture%20it%20upon%20selling.
https://bradfordtaxinstitute.com/Content/Corporate-Reimbursement-Depreciation.aspx
Corporate Reimbursement of Depreciation on an Office in the Home. I operate my business as an S corporation. Each year, I complete IRS Form 8829 for the home-office deduction, give it to my S corporation, and my S corporation reimburses the bottom line number to me personally. I do not report the reimbursement as income as it is an employee …
https://proconnect.intuit.com/articles/home-office-deductions-expenses/
During the 4 years you lived in the home you were able to deduct $5,000 in depreciation on the home office portion. You can exclude $295,000 of the gain, and will pay tax on only $5,000. If you were not able to deduct depreciation on your home office, or were not reimbursed by your corporation for depreciation, there is no income to report and 100% of the gain, up to the limits, …
https://www.irs.gov/credits-deductions/individuals/home-office-deduction-at-a-glance
If you use part of your home exclusively and regularly for conducting business, you may be able to deduct expenses such as mortgage interest, insurance, utilities, repairs, and depreciation for that area. You need to figure out the percentage of your home devoted to your business activities, utilities, repairs, and depreciation. More Information
https://taxedinternational.com/employee-home-office-expenses-allowances-reimbursements-and-deductibility/
Generally, an employer can compensate an employee for home office expenses by way of an allowance or a reimbursement. An employee can also be given an “accountable” advance which is treated as a reimbursement assuming that the employee can provide itemized receipts and the balance is returned to the employer.
https://www.upcounsel.com/s-corp-home-office-deductions
Corporate reimbursement may be annual, monthly, or quarterly. Note: Mortgage payments or deprecation cannot be added as an expense and be reimbursed. The deprecation would be permitted under a standard home office deduction on an individual tax return. Also, you do not need to carry forward depreciation schedules to recapture it upon selling.
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/s-corp-home-office-reimbursement-plan-question/00/64320
Since there is a loss before considering the home office expense reimbursement, it is likely that you would have the expense disallowed if the IRS ever did examine your S-Corp return for this year. On the issue of depreciation: The tax code requires the recapture of allowed or allowable depreciation when you sell real estate.
https://amynorthardcpa.com/deduct-home-office-s-corp/
If your entire home was 1,500 square feet, you would divide 100 by 1,500. In this case, you would get to deduct 6.7% of your home office expenses by multiplying that percentage by eligible home expenses like mortgage interest or monthly rent, utilities, interest, and repairs. Calculate the total amount of eligible reimbursable expenses.
https://www.thebalance.com/tax-consequences-for-home-business-offices-1798786
U.S. tax law also provides that you can depreciate the portion of your property used for business purposes. You're effectively claiming a tax deduction equal to the cost of the portion your home dedicated to your office. For example, you could depreciate 15% of your home's value if your office takes up 15% of your home's square footage.
https://bradfordtaxinstitute.com/Content/Best-Home-Office-Tax-Deduction-for-Corporation.aspx
Technically, the owner of a corporation can claim tax deductions for a home office in one of three ways, two of which are pitiful and need rejection. Reject 1. Rent Office to the Corporation . Whether you operate as an S corporation or a C corporation, you get minor, zero, or negative benefit when you rent an office in the home to your corporation.
https://www.journalofaccountancy.com/issues/2020/may/deduct-home-office-expenses-coronavirus-remote-work.html
The home office deduction is computed by categorizing the direct vs. indirect business expenses of operating the home and allocating them on Form 8829, Expenses for Business Use of Your Home. Direct expenses can be fully deducted. For instance, the costs of carpeting and painting the home office room are 100% deductible.
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