Jackstar221
Employee Tax Expert

Business & farm

A storage unit for your business is required to be reasonable and necessary expense for your business to be written of as a rent expense deduction.

 

If you have a separate shed on your property used "exclusively & regularly" for your business, you can take a business deduction for it.

 

Please remember to maintain accurate records of the storage costs & items that are within the shed, such as receipts.