luckyaces09
Returning Member

Deductions & credits

The unit is small- essentially a kitchen, and 2 bedrooms with bathrooms. I am a real estate agent (independent contractor) with an LLC that files as an S Corp. I have been using my bedroom as office space. If the area needs to be used exclusively for business, because if the size of the space, can I reasonably say that I rent 50% to my tenant (in fairness he probably has access to 70% of the total space) and 40% to my business? If that is the case, how would the deductions work?