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I want to lease office space and office equipment out to a C Corp and do write offs, do I have to start sole proprietor business?
WHAT I WANT TO DO
I want to lease in-home office space and office equipment out to a C Corp. I wonder if I can do write offs for the equipment and/or expenses on the office space, etc.
QUESTIONS
- Should I get a request a 1099-MISC for the rent/lease I get from the C Corp since it's over $600/yr?
- Do I need to declare or apply for anything from the government like a business license? I'm okay doing it all under my own name as sole proprietorship.
- What kind of things can I write off for in-home office space? Not sure where to start there.
‎February 24, 2021
3:29 PM