deducting rental costs as a c corp, if an officer/ owner of the corp is also the property owner

Can I own land & rent it my company ?

I am a registered c corp.

My husband & I are the only share holders / officers.

When I plug in rental costs in the business app of Turbo Tax, it asks if the land being rented is owned by the an officer or share holder I believe.

Thanks

489

Employee Tax Expert

Sep 27, 2023 12:27:40 PM

Hi, @mcgrath5 , thanks for the question! Unfortunately though, it is "out of scope" for this forum. We are not allowed to advise on C corporation issues. My apologies! That being said, perhaps this article from The Tax Adviser may help.

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deducting rental costs as a c corp, if an officer/ owner of the corp is also the property owner