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New Member
posted Jan 2, 2020 8:59:00 PM

Tiny Home/Shed on property to use as office Scorp

Hello,

 

I would like to purchase/ build a "Tiny Home/Shed" to use as an100% office for my single owner single employee SCORP.  This office will sit on my home's land property but will not be connected to my house.

 

Can I deduct, expense, or deprecate this?

 

Thank you !

0 4 1477
4 Replies
Level 5
Jan 3, 2020 4:22:29 PM

Depreciate or deduct it depending on the price. 

Level 15
Jan 3, 2020 5:00:24 PM

The Corp must own the shed to take any expenses & make sure the utilities are also separate & in the Corp name since employees cannot deduct home office expenses any longer. And if you are not issuing yourself a W-2as an employee then you need to get professional guidance ASAP. 

New Member
Jan 5, 2020 9:39:36 PM

Neither of these answers seem correct.

 

I am reading that you cant deduct this and can only depreciate it. 

 

Can someone clarify. Thank you

Level 15
Jan 6, 2020 8:20:45 AM

The shed should be depreciated ... however it depends on who owns the property ... you or the corporation. Seek local professional assistance instead of advice from a nameless faceless public forum.