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Level 2
June 3, 2019
Question

Cell phone deduction

  • June 3, 2019
  • 3 replies
  • 6 views

I bought a new cell phone device for business use but is paid for in monthly installments through my carrier.  Can I make a one time total cost deduction for the final price -- even though I was was still making payments after 2018?  Please note this is for device only.  I have already deducted service charges separately.

3 replies

Level 14
June 3, 2019

You can take one deduction for the business cost in 2018. You would then report the 2019 cost on your 2019 return. 

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mtran003Author
Level 2
June 3, 2019
I don't follow.  Total price of new cell device was 649 -- I still owe 549 as of Dec 31, 2018.  What can I deduct?