Comments on: S Corporation Home Office Deduction Revisited https://evergreensmallbusiness.com/s-corporation-home-office-deduction-revisited/ Actionable Insights from Small Business CPAs Thu, 27 Aug 2020 21:13:29 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Steve https://evergreensmallbusiness.com/s-corporation-home-office-deduction-revisited/#comment-7003 Tue, 04 Sep 2018 14:10:49 +0000 http://evergreensmallbusiness.com/?p=7256#comment-7003 In reply to David W.

Good question. Technically we should be breaking out the self-rental from the “non-self-rental”for a couple of reasons. First, passive loss limitations work differently for the self rental. Second, the Section 199A deductions may work differently.

BTW, our next blog post (in a couple of weeks) digs into the trade or business requirement for real estate rental activity. And the more I dig through all the old Section 162 definitions which determine whether rental income is Section 199A qualified business income,the more I think most serious rental investors will qualify.

]]> By: David W https://evergreensmallbusiness.com/s-corporation-home-office-deduction-revisited/#comment-7002 Tue, 04 Sep 2018 13:14:33 +0000 http://evergreensmallbusiness.com/?p=7256#comment-7002 Regarding 199A – If T or B owners also own the building out of which they operate, the rental activity can qualify per the exception noted in the proposed regulations. What if part of that same building is rented out to unrelated parties? Does the entirety of that rental activity meet the exception or for purposes of QBI, will the rental income and expenses associated with the commonly owned T or B need to be parceled out and used in the QBI calculation?

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