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Old 04-19-2014, 06:16 PM
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C Corporation Home Office Addition

I am starting a business out of my home - a C Corporation. I plan on using an accountable plan to account for the home office expenses etc. However, I'm first planning an extension of the home to build the home office. Can that be capitalized on the C Corporation tax return or are the expenses recognized over time through the accountable plan and I have to pay it as a personal expense? Also, if computers and furniture are purchased for the business, can it be capitalized and depreciated over time even though its in the home office. I'm basically trying to understand if 1) can a C corporation own a home office on their books and 2) can assets for the business maintained in the home office also go on the C Corporation books or does this all go through the accountable plan?



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