Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
mariaelenablack
Returning Member

I have two business, can I deduct my cell phone expenses and for both business?

I have two businesses, can I deduct my cell phone expenses for both businesses?

1 Best answer

Accepted Solutions
WillK
Level 9

I have two business, can I deduct my cell phone expenses and for both business?

Yes, you can. It depends. You need to calculate how much you use your cellphone for each business and how much you used for personal use. 

For example, lets say your cell phone bill was $500.00 (used 100% of the time). You calculated that you used your phone 30% of the time for business  (A) and 10 % of the time for Business (B) and 600% of the time for personal. So $500.00 multiplied by 30%= $150.00, then $500 multiplied by 10%= $50.00. You can write off $150.00 as a business expense for Business A, and $50.00 would be for Business B and the rest personal expense. 

**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
WillK
Level 9

I have two business, can I deduct my cell phone expenses and for both business?

Yes, you can. It depends. You need to calculate how much you use your cellphone for each business and how much you used for personal use. 

For example, lets say your cell phone bill was $500.00 (used 100% of the time). You calculated that you used your phone 30% of the time for business  (A) and 10 % of the time for Business (B) and 600% of the time for personal. So $500.00 multiplied by 30%= $150.00, then $500 multiplied by 10%= $50.00. You can write off $150.00 as a business expense for Business A, and $50.00 would be for Business B and the rest personal expense. 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~