Can I Really Rent My House to My Business?


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By Justin Goodbread. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In episode 151 of Financially Simple, Justin goes over the process of renting your Home for your Business.

Can you legally rent your own home, or other property, to your business and get a tax break in the process? Justin looks at what the IRS tax code says, and explains how to do it correctly.

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01:42 - Can I Really Rent My House to My Business?

02:42 - It’s Bristol, Baby!

03:52 - Business Rental

06:42 - The Business Nexus

08:05 - A Few Misunderstandings

08:07 - Deductions for Renting

09:35 - Deductions for Entertainment Facilities

10:15 - Can’t deduct Rental for a Related-Party

10:41 - Can’t Deduct Personal, Family, or Living Expenses

11:16 - Prove it’s an Ordinary and Necessary Business Expense

12:17 - The Substance Over Form Doctrine

12:57 - How to Do This Properly

14:52 - Wrap Up


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IRS Private Letter Ruling

US Tax Code 280A

Renting to an S Corp.

Case Study: Filming Commercials at Home

Home Business Meetings

CPA On Fire: Rent Your Home to Your Business

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The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States. Host Justin Goodbread is a serial entrepreneur, CFP (Certified Financial Planner), CEPA (Certified Exit Planning Advisor), CVGA (Certified Value Growth Advisor), Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional.

192 episodes