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An attorney (single owner of S Corp) works from an office in his home. The S Corp reimburses the attorney for expenses (utilities, mortgage interest, property tax, insurance, etc.) for the office in the home. Is he also entitled to a reimbursement for depreciation?
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Tax Professional Answers
Kazim Qasim, EA, CTC
Yes. You can complete form 8829, part III and bill the S Corp for 1/12 of the depreciation amount each month. You must have a letter form the S Corp stating that the home office is for the convenience of the employer. In addition, you can be reimbursed for auto related expenses.Leave a Comment 41 weeks ago