I am building an addition to our house. It will be used exclusively as my wife's S-Corp office space.
Total construction cost will be $30,000.
Can I take e.g. 60 month construction loan at apr. $500/month and have her Corp. pay me $500/month rent fee ?
She would have business expense deduction and I would have ( hopefully) zero additional tax liability because my additional income would equal my expense .
Would it make a difference if I rent out this space as "myself LLC" ?
If the option described above is not going to work, what is my best other option ?
Thank you
John