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Hello, is a percentage of a storage unit deductible for business? If so, how do I enter that in TurboTax?

 
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JamesG1
Expert Alumni

Hello, is a percentage of a storage unit deductible for business? If so, how do I enter that in TurboTax?

I believe that you could.  See this TurboTax Help under Principal place of business.

 

“If your home office is in a separate, unattached structure—a loft over a detached garage, for example—you don’t have to meet the principal-place-of-business or the deal-with-customers test. As long as you pass the exclusive- and regular-use tests, you can qualify for home business write-offs.”

 

To report these expenses,

  • You would report that you use the office space exclusively and regularly for business.
  • You would report that the office space is a separate structure.
  • You would report the address of the office space.
  • You would report that you rent the office space.
  • You would report the percentage of the space devoted to the office space.
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