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https://proconnect.intuit.com/articles/home-office-deductions-expenses/#:~:text=1%20You%20can%20deduct%20the%20costs%20of%20a,an%20%22accountable%22%20plan%20for%20employee%20business%20expense%20reimbursement.
https://www.hhcpa.com/blogs/income-tax-accountants-cpa/office-in-the-home-deduction-limitations-for-s-corporation-shareholder-employees/
The rental arrangement was viewed as an attempt to circumvent the purpose of Internal Revenue Code Section 280A, which limits deduction of expenses allocable to the business use of one’s home. Given that office-in-the-home expenses are not allowable if the office is rented to one’s employer, an S Corporation shareholder-employee used to be able to …
https://proconnect.intuit.com/articles/home-office-deductions-expenses/
If you are an employee of your own one-man corporation, whether a regular "C" corporation or a "sub-chapter S" corporation, you have several choices for handling the costs of a qualifying home office: You can deduct the costs of a home office if you are filing a Schedule C. Under the Tax Cuts and Jobs Act (TCJA), employees working remotely can no longer deduct home office …
https://amynorthardcpa.com/deduct-home-office-s-corp/
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. Use the IRS Form 8829 to assist with this calculation.
https://www.upcounsel.com/s-corp-home-office-deductions
For instance, in a 1,500 square-foot home, if you have a 10x10 office room, the square footage would be 100. You would then divide 100 by 1,500. This allows you to deduct 6.7 percent of your office expenses by multiplying the percentage by the eligible home expenses in the form of the following: Mortgage interest.
http://www.danaleecpa.com/blog/2017/10/01/home-office-s-corporation-shareholder/
Can you still get a deduction for your home office if you are an S corporation shareholder? The answer is yes. There are two options. Either you rent a portion of your home to the S corporation as office or storage space, or the S corporation reimburses you for the home office use under an accountable plan.
https://www.asegroupoffices.com/post/home-based-s-corps
To deduct home office expenses, the S-Corp must set up an accountable plan to have the company reimburse for home office expenses. An accountable plan is essentially a formal reimbursement arrangement that allows the S-Corp to pay employees and shareholders for their business expenses.
https://www.wilsonrogers.net/blog/tag/s-corp-home-office-deduction/
Given that office-in-the-home expenses are not allowable if the office is rented to one’s employer, an S Corporation shareholder-employee “could” deduct office-in-the-home expenses as miscellaneous itemized deductions. But these deductions are of little or no value because of the 2% income floor imposed on Schedule A, and the add back of such deductions …
https://moneydoneright.com/taxes/business-taxes/s-corporation-pay-rent-home-office/
You submit a report to your S corp that contains the home office expenses you incurred as an employee of your S corporation (including depreciation deductions). The S corporation gets the deduction, and you report no income on your individual return because this is an employee reimbursement for expenses incurred in the performance of your duties for the …
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.
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/for-s-corp-how-do-i-get-the-home-office-deduction-can-i-use-the-simplified-method-for-home-office/00/727489
If Schedule K-1 came from Form 1120S, S corporation shareholders generally cannot deduct unreimbursed business expenses with Schedule K-1 because the shareholders are categorized as employees when performing services for the corporation (and a corporate officer may be considered a statutory employee).. These expenses, if not subject to reimbursement …
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