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Can my S-Corp LLC business buy office furniture from myself and claim it as a business expense?
Can my S-Corp LLC business buy office furniture from myself and claim it as a business expense?
I already had this furniture prior to starting my business. It now is my home office furniture. My home office is exclusively used for my business. I expect if this is an option, I will need to claim realistic current (at time of sale) values for the furniture - not a new furniture value.
May 22, 2024
3:52 PM