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schatt73
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Can I deduct rent expense for a business?

 
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DavidD66
Employee Tax Expert

Can I deduct rent expense for a business?

Yes, if the rent is for a business use such as the office where the business operates from, or a storage unit where a business stores excess inventory and supplies.

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Carl
Level 15

Can I deduct rent expense for a business?

Threre is a spot in the business expenses section specifically for rents paid. Where that box is exactly, depends on what kind of return you're filing. SCH C for a sole proprietorship or single member LLC? Form 1065 for a multi-member LLC or Partnership? 1120-S for an S-Corp? 1120 for a C-Corp? But regardless, if you'll just work through the expenses section you should see a box where you can enter rents paid by the business.

 

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