rbynaker
Level 14
01-17-2020
07:15 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
While you can't deduct rent you pay to yourself, you can deduct all of the building expenses on your Schedule C (interest, taxes, insurance, utilities, etc.) That will reduce your SE tax.
If you have other tenants in the building you'd prorate the expenses between C and E.