Does anyone know what forms/proof/etc you need to deduct rent payments when filing state taxes? Or is this just a myth?
Its super complicated and if not done right, is a bigger risk for audit. In order to qualify, you need to have a completely separate room (ie, door closed) that is ONLY used for business, and has to be used a certain percentage of time. Definitely talk to an accountant who you trust to help you out.
My 2¢ :)
