Deductions & credits

@luckyaces09 

 

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.