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General Accounting Discussions: Tax Consequence /In home office for Scorp

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    • CommentAuthoramber
    • CommentTimeDec 3rd 2007
     
    I have a guest house on my personal property that I want to start using as an office for my SCorp. Will this effect my 121 Exclusion later on when I sale, even if I don't take any deductions for Rent or Depreciation on the SCorp or Personal Returns? The only thing I want the SCorp to pay for is Electricity Lines and Phones lines that will be used out there. In essence I would be allowing the Scorp to use my personal property at no charge and only ask that it pay for those utilities (phone and electric). Any suggestions are greatly appreciated. Thank you.

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