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Get your taxes done using TurboTax
As you correctly stated, you and your business are not separate entities. They are one and the same. You can't pay rent to yourself and claim it as a business expense. Paying rent to yourself is just taking money out of one pocket and putting it back in the same pocket. There is no real transaction.
The deduction for business use of your home is your only option. Why don't you want to use that?
‎July 20, 2023
12:28 PM