How do I enter expense of a new phone for my business?

Is a new business phone an asset?

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How do I enter expense of a new phone for my business?

When completing Sch C enter under expenses.

How do I enter expense of a new phone for my business?

You can deduct the cost of your new phone as a one-time business expense or depreciate the new phone as an asset. You can enter it in the Assets category and take the section 179 depreciation or take the 100% special depreciation allowance.

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