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Updated 10 months ago,
Can I charge my LLC rent vs home office deduction?
I'm relatively new to the real estate investing world and continue to focus a lot of energy on education. I am currently focused on tax strategies for our LLC (partnership with spouse).
Can we sign a lease agreement with our LLC to provide/pay rent for use of our personal home/property, to include a portion of utilities, HOA, and insurance? Or invoice the LLC for use? We are looking to do this versus a home office deduction, which we probably wouldn't qualify for anyway (would fail the exclusive clause).
I’m sure this question has been covered before in the forums, but I can’t seem to locate a specific thread on this topic. Any advice would be greatly appreciated.
Thanks,
-Jonathan