Rent Expenses Tax Deductions
Business rent is fully deductible whether you lease office space, a warehouse, retail location, or equipment.
rentleaseoffice spacereal estate
check_circleWhat You Can Deduct
- checkOffice space rent
- checkRetail storefront lease
- checkWarehouse and storage rent
- checkEquipment rental and leasing
- checkTemporary workspace rental
- checkParking space rental
- checkLand lease for business use
- checkCommon area maintenance (CAM) charges
lightbulbTips for Keeping Records
- tips_and_updatesPrepaid rent is generally deductible in the period it covers
- tips_and_updatesLease deposits are not deductible until forfeited
- tips_and_updatesRent paid to a related party must be at fair market value
- tips_and_updatesHome office rent is deductible proportionally based on square footage
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