468615
I have two businesses, can I deduct my cell phone expenses for both businesses?
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
hollesenh
New Member
CalcGuarantee
New Member
gabbydean8
New Member
kat2015-
New Member
Dliotta
Level 1
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill