Rents

Rents would include office space you use for your business, or rent paid for a storage facility. Rent also includes equipment you may rent for a project, such as a tractor to clear land. Rental equipment should have a separate category from rent you are paying for office or storage space. You should not be expensing rent for your personal residence or apartment in this category, even if you work from home. That is a separate calculation done on your tax return under the home office category, but this should not appear on the books for your business.