I have a new client (LLC taxed as an S-corp) who made substantial improvements to a stand-alone garage on their property to make it a workshop for their business. The employees work out of the building and pretty much all of their items are made there.
The workshop and property are owned by the shareholder. We are currently setting up an Accountable Plan for Expense Reimbursement to use moving forward for the expenses dealing with this “home office”, but the 2018 treatment of the money spent is eluding me. I may just be overthinking it.
Thoughts on tax treatment?
