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Level 2
April 18, 2023

Can an LLC deduct rent they are paying to himself as the owner of the building?

  • April 18, 2023
  • 1 reply
  • 2 views

My client is a single member LLC filing schedule C.  He as an individual owns the building he runs his LLC out of.  Can the LLC deduct the rent on schedule C and claim on schedule E?

 

Thank you

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1 reply

George4Tacks
Level 15
April 18, 2023
Kriggs123Author
Level 2
April 18, 2023

Thank you so much.