Was or is this home your primary residence since you purchased it?
Did this purchase also include land of which the house still resides on? Or was it relocated to land you already own? Maybe it was relocated to land you don't own?
Have you been using the entire house for your business? Or only a percentage of the house?
What type of business? Sole proprietorship? Single member LLC? Multi-member LLC? S-Corp? C-Corp? Joint Venture? Something else?
should I consider the property as a rental or office space/production studio?
That depends. Have you been making income by renting it out to a third party? Maybe you rent it out to a business you own and you can prove that business actually paid rent to you personally or to some other entity that you have a personal and direct financial interest in? Things get more complicated when a business you own or have an ownership interest in, rents from you personally, or from some other business entity that you have a direct financial interest in.
