Can I charge my LLC rent vs home office deduction?

[Jonathan Burkett]

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

[Arlan Potter]

Does no good. Because if you pay rent to yourself as an expense of the LLC then you have rental income on you personally. Offset. a waste of time.

See a tax advisor