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Level 1
June 6, 2019
Question

I rent a outside storage unit for equipment needed to run my moving business. Can I deduct the monthly cost as a business expense?

  • June 6, 2019
  • 1 reply
  • 11 views
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1 reply

Level 6
June 6, 2019

Yes, you can deduct the rental as business expenses as long as the storage is used in conducting your business.

See the answer to the following FAQ on how to report your self-employed income and expenses:

https://ttlc.intuit.com/replies/3302122