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Made a photo studio in a Co-op. We have to pay rent monthly. How do I claim rent as an expense for studio space?

 
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PatriciaV
Expert Alumni

Made a photo studio in a Co-op. We have to pay rent monthly. How do I claim rent as an expense for studio space?

Rental expense is deductible as long as it has a business purpose. Schedule C Line 20 reports Rent.

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