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Deductions & credits
Since you must be a W-2 employee for your S-Corp and an employee cannot deduct office in home expenses until 2026 the depreciation of the "home office" is a mute subject.
Since I assume the corporation doesn't own the condo you can technically "rent" the office space to the corp for a fee which you would also report as rental income on the Sch E.
I highly recommend you seek local professional guidance on this matter before you do anything ... you need to be educated on your options.
‎September 25, 2021
7:32 AM