The idea sounds perfect: Put your house in an LLC, have your business pay rent to that LLC and deduct the whole thing. I asked ChatGPT if this actually works and the answer was basically no, not the way people think it does. You Can’t Just Pay Yourself Rent Here’s the scenario people imagine. You transfer your primary residence into an LLC you own. Your business pays rent to that LLC. You deduct the rent as a business expense. Tax savings unlocked. ChatGPT explained that the IRS looks at substance over ...