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How do i ad a shop i rent that makes no money

 
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1 Reply
AnnetteB6
Employee Tax Expert

How do i ad a shop i rent that makes no money

If the shop is rented for a Schedule C self-employed business, then you can include the rent as a business expense on your return.

 

If the shop is rented for personal purposes with no business purpose for renting it, then there is no deduction on your tax return for the rent that was paid.

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