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Expense writeoff

If I have two 1099 businesses, can I write off the same expenses under each business or do I have to choose which business to put the expense under?

 

Example: I use my cell phone for acting and my financial business, can I put my cell phone bill expense under both or do I have to choose a business to put that expense under?

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1 Reply
MayaD
Expert Alumni

Expense writeoff

You can't deduct the full amount under each business. You'll have to split this expense between the businesses. 

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