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Self employed
Schedule C is a disregarded entity. It is the same as you. It is personally yours. I don’t think you can pay yourself rent. Then you would need to report the rent on Schedule E for Rental income. So it would be a wash. It’s probably like paying yourself. You cannot deduct your own salary or any personal withdrawals you make from your business. As a sole proprietor, you are not an employee of the business.
February 4, 2025
6:04 PM