I'm looking into buying a shed to use as a home office so that I am not taking over the house anymore! Would it be a smarter business move to buy the shed out right and then claim it as a deduction on my taxes (including the installation) or rent to own it and then claiming the monthly rent as a tax deduction?? I currently just have two small businesses that don't make an exceptional amount of money so I don't know which one would work better when it comes to tax deductions it's all pretty new to me!
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The best option would really depend on how much you make from your two businesses, how much of your disposable income you plan to spend on the office building, and what the monthly rent-to-own would be. I would personally be inclined to buy it outright and claim the building AND depreciation on it.
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