First, enter the 1099-MISC
If the amount is listed as rent, the program will insist in a schedule E.
You could move the amount to Box 3 to get it through the program
Next, go to Less Common Income section, Miscellaneous income, Other Reportable Income.
Use "14-day rental rule" as the description and enter as a negative number. In effect, you have cancelled the income amount.
The two entries will show on line 21 of your 1040, but a taxable amount of zero.
Be aware that this could raise a red flag and that the IRS may frown upon this. The IRS could even disallow it.
Going forward, you might consider setting up an expense accountable plan.
The S-Corp could reimburse you as an employee for a home office as well as other expenses if applicable. The reimbursements would be expenses to the business but tax-free to the employee and the IRS would be satisfied.
Accountable Plan Info
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