In general, you can deduct rent as an expense only if the rent is for property you use in your trade or business. ... Example 1. You leased a building for 5 years beginning July 1. Your rent is $12, 000 per year. You paid the first yeara#39;s rent ( $12, 000) on June 30. ... Whether an agreement is a conditional sales contract depends on the intent of the parties. ... 2001-1, or Publication 1375, Procedures for Issuing Rulings, Determination Letters, and Information Letters, etc., which is a reprint ofanbsp;...
|Title||:||Business taxpayer information publications|
|Author||:||United States. Internal Revenue Service|