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Whether you conduct business in a commercial property or a spare bedroom, you can deduct the accompanying costs. Square footage or rental cost will probably be the largest expense. However, you can also include the price of a printer, computer software and anything else you use. Whether you conduct business in a commercial property or a spare bedroom, you can deduct the accompanying costs. Square footage or rental cost will probably be the largest expense. However, you can also include the price of a printer, computer software and anything else you use. Keep documentation of the purchases you make and record the time you spend managing your rental property. This is one of the most commonly flagged deductions. In turn, be sure you’re keeping yourself honest about the breakdown between business and personal use.