evaneb
New Member

Investors & landlords

Your rent is deductible only if it is associated with the business you own and operate out of that [room in your] residence. And, it would likely only be a portion of the rent you pay because you sleep and eat there (I presume) which are not part of your business activity. All that said, you don't need a receipt so much as a way to justify the rent you are deducting should you be audited.