Can I deduct rent expense for a business?

Forum|Forum|6 years ago
March 25, 2020
2 replies
44 views

No text available

TurboTax Self Employed Online

DavidD66

Level 15

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.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Carl

Level 11

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.