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Can I deduct my rent payments since I have a home office?

 
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2 Replies

Can I deduct my rent payments since I have a home office?

I conduct my business (an LLC) from home

KarenM90
Intuit Alumni

Can I deduct my rent payments since I have a home office?

It depends.  If you are self-employed (it is your LLC), have a home office and it is your principal place of business, used exclusively for your business, a portion of your rent would be deductible.  

 

If you are an employee (you receive a W2) you can no longer take unreimbursed employee expenses as a deduction, effective with the Tax Cuts and Jobs Act of 2017.

 

Here is a link that will give you additional details:  Home Office Deductions for Rent, Etc

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