Home Office Expense Deductions

Apr 10, 2007 0 Replies

I own a small S-Corp of which I am officially an employee and operate out of two rooms in my home. Last year my accountant said my expenses were not sufficient to get a deduction on Schedule A as an employee expense. As an alternative I could write a company check to myself for the direct costs of my home office (primarily a portion of utilities, as I don't have a mortgage). This seems pretty simple but I am wondering if there is a downside to this method, or if there is a better way. Thanks for any comments.



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