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Old 01-30-2013, 08:33 PM
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Join Date: Jan 2013
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Talking Do I give spouse a 1099-Misc?

I am the 100% shareholder for my S-Corporation. I have a full-time job and do not materially participate in the business. My husband is the one who performs all the work for the S-Corporation. Do I give him a 1099-Misc for or should I just report the profit on a Schedule K for myself? I figured since we can't deduct our home office expenses under the S-corporation, I could give my husband a 1099-Misc so he can deduct the home office expenses on a Schedule C and deduct the mileage from the times he had to use his personal truck as well as let subcontractors use the business truck. Someone told me to lease my home office to the S-Corporation, but wouldn't that still mean I would have to issue a 1099-MISC to myself or my husband for the rent paid and then deduct the home office expenses anyways? Thank you for the help, and sorry if I am confusing you!



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