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Lev, Tax Advisor
Category: Tax
Satisfied Customers: 29569
Experience:  Taxes, Immigration, Labor Relations
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If you rent a storage space what kind of tax write off can

Resolved Question:

If you rent a storage space what kind of tax write off can you receive?
Submitted: 8 years ago.
Category: Tax
Expert:  Lev replied 8 years ago.

You may deduct total rental expenses if you are using the storage space for business,

however if that are personal expenses - you may not deduct them.


If you paid sales taxes on rental fees - you may use that as a deduction on the schedule A (you have a choice to deduct either state income tax or general sales tax)


If you are eligible to deduct moving expenses - storage fees may be deducted as well.


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