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

Kriggs123 · ‎04-18-2023

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

George4Tacks · ‎04-18-2023

https://www.thetaxadviser.com/issues/2008/aug/avoidingtheself-rentaltrap.html

Here's wishing you many Happy Returns

View solution in original post

George4Tacks · ‎04-18-2023

https://www.thetaxadviser.com/issues/2008/aug/avoidingtheself-rentaltrap.html

Here's wishing you many Happy Returns

Kriggs123 · ‎04-18-2023

Thank you so much.

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

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