I currently finance my cell phone (the phone only, this is unrelated to the service) from Apple, through the iPhone Upgrade Program. This program is essentially a 24 month interest free loan, through Citizens One.
I use my phone for Business (50% of the time). Am I able to write off any portion of the monthly payments I make toward the phone? Would I be treating this as a Communication Expense, or does the phone count as a Business Asset?
