Thank you very much for the detailed response. I have no other passive income. I also have no mortgage on the office building/space (that my spouse and I own). Is there not at least a way to get reimbursed or deduct the property taxes on my 1120-S or personal return and still take the Standard Deduction (Married Filing Jointly with no mortgage on home either) without deeding the the office space/building to my business or a formal lease? I feel like this is a big disadvantage since electing to be taxed as a S Corp (formerly a Single Member LLC).
