Office Lease Tax Deductions

All costs associated with leasing office space are deductible. From monthly rent to build-out allowances, understand what qualifies and how to document it.

office leasecommercial spacetenant improvementslease costs

check_circleWhat You Can Deduct

  • checkMonthly lease payments
  • checkTenant improvement allowances (amortized)
  • checkSecurity deposit (when forfeited)
  • checkLease signing fees and broker commissions
  • checkBuild-out and customization costs
  • checkUtility deposits for commercial space

lightbulbTips for Keeping Records

  • tips_and_updatesTenant improvements may need to be depreciated over the lease term
  • tips_and_updatesSecurity deposits are only deductible if the landlord keeps them
  • tips_and_updatesBroker commissions for finding space are amortized over the lease term
  • tips_and_updatesReview lease renewal terms — automatic escalations affect your budget

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Related Tax Guides

Commercial Rent Deductions

Rent paid for commercial properties used for business is fully deductible. Includes retail storefronts, offices, warehouses, and industrial spaces.

Office Renovation Deductions

Qualified improvement property (QIP) for commercial offices can be depreciated over 15 years or deducted more quickly with bonus depreciation. Renovations add value and comfort.