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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.
May 22, 2024
1:33 PM