topic Re: Mail Box and Post it's attached to. in Get your taxes done using TurboTax

Mail Box and Post it's attached to.

equine lover — Mon, 15 Mar 2021 00:38:26 GMT

Can you take a deduction for the purchase of a mail box and the post it's attached to? What category would it go under? We have a home based business.

Re: Mail Box and Post it's attached to.

ToddL99 — Mon, 15 Mar 2021 17:22:00 GMT

If the mailbox was purchased for (and exclusively used by) the business, then you can deduct the cost of the box and the post.

"Mail service" is an ordinary and necessary expense in conducting most businesses.

From the IRS What Can I Deduct?: To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary.

Re: Mail Box and Post it's attached to.

equine lover — Tue, 17 Aug 2021 21:24:08 GMT

Thank you for your answer ToddL99!