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Deductions & credits
So it's more clear.....you own the home and want to rent it to your LLC that you've made an S corp election for but the rental period is less than 15 days under the rule in Sec 280A(g)?
Doesn't look like there's a specific prohibition against that in that section but it definitely defies the spirit of the law which is for incidental residential use by other parties. Not only would this be for business use by your LLC but you also own the home and 100% of the business so might not be a good idea to try this maneuver.
‎July 29, 2021
9:48 AM