turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I not deduct ant of my expenses for self employment anymore? % of household expenses, utilities, cell phone, internet, etc???

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Can I not deduct ant of my expenses for self employment anymore? % of household expenses, utilities, cell phone, internet, etc???

Only if you have a home office or if you use them for your self-employment.  For example, if you use your cell phone 60% for business, then you can deduct 60% of your cell phone bill for self-employment. 

If you have a qualifying home office, then you can either take the simplified method which will give you $5/Sq.Ft of office space or you can take the actual expense method which will use the ratio of your office to your home and then apply them to your utilities and other home expenses.  Cell phone would be separate. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply

Can I not deduct ant of my expenses for self employment anymore? % of household expenses, utilities, cell phone, internet, etc???

Only if you have a home office or if you use them for your self-employment.  For example, if you use your cell phone 60% for business, then you can deduct 60% of your cell phone bill for self-employment. 

If you have a qualifying home office, then you can either take the simplified method which will give you $5/Sq.Ft of office space or you can take the actual expense method which will use the ratio of your office to your home and then apply them to your utilities and other home expenses.  Cell phone would be separate. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question