How can I use my storage unit on my tax return

86f75a4b91d0 · ‎January 21, 2023

I've had it for 2 years

xmasbaby0 · ‎January 21, 2023

Storage unit for what, exactly? Are you self-employed? Are you storing supplies, etc.?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

xmasbaby0 · ‎January 21, 2023

If you are not self-employed and using the storage unit for business purposes, you do not enter it on your tax return. It is simply a personal expense that is not deductible.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

JosephS1 · ‎January 24, 2023

As xmasbaby0 stated, if you are not self-employed and using the storage unit for business purposes, it would be considered a personal convenience expense and therefore, not deductible. However, if you are a partner in a partnership or a principal shareholder/officer/employee in a corporation, you may be able to negotiate a rental agreement with your business/employer for reimbursement for use of your storage unit. The agreement for use of your shed should be in writing and at a fair rental rate.

Small Business Rent Expenses

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