AboutIvan Roth Expertise Federal and State Income taxes I do tax returns for partnerships and C corporations I am well versed with State Franchise taxes for CA, CT, FL,NY,TN,TX.
Experience Eight years as tax manger for a real estate company
Question My spouse operates a one-person LLC 150 miles from Washington, D.C. The tax home is 150 miles from D.C. where she manages the LLC, does business development and accounts management, etc. She travels often to Washington to do business on Capitol Hill and the federal agencies in behalf of certain clients. She wants the LLC to acquire a rental apartment in D.C. in order to maximize efficient operation, establish predictability of costs and to create a center of LLC business when she is there rather than operating out of hotels.
Can the LLC deduct the cost of the apartment if the apartment is only used for business and accommodation while doing business?
Answer HI Michael sorry for the delay in answeing
providing housing can get pretty complicated as having the use of the corporate apartment may cause a taxable benefit to the individual you really should rview this situation with a paid professional before taking any action.
