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Deductions & credits
Assuming you are reporting business income/expenses on SCH C, and further assuming you are renting this storage unit, in Business Expenses/Other Common Business Expenses there is a section specifically titled "Rental Expenses".
If you purchased this storage unit and you own it, then it's entered as a business asset in the Business Assets section and depreciated over time.
May 14, 2022
6:31 PM
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