if self-employed, (file a schedule C or are a partner in a partnership schedule e) a portion of your occupancy expenses are tax deductible. this is based on the ratio of of business square footage used exclusively and regularly for business to total square footage of your residence whether you rent or own
whether you pay it with personal funds or business funds is irrelevant. there is also a safe harbor election where if you meet the exclusive and business use rules up the lesser of actual square footage or 300 sq feet qualify at a fixed rate of $5/sq foot. .
