Yes,
if the rent/office space was for your business you will be able to deduct it as
a business expense. Any expense incurred
in the running of a business is deductible.
Here is a list of some of the
Top
Tax Write Offs For The Self Employed.
Also, please read the IRS publication on rent expense, page 9 -
Publication 535
( snap shot attached).
You can also read the entire article at
IRS Publication 535 for
more deductible expenses. You will be
able to record this in Turbo Tax (Self Employed), after recording your business
income. Once you have entered the income
for your business, you will then be
prompted to enter expenses and this is where you would add the rent income,
(snap shot attached).
