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Level 2
Mar 15, 2021 12:38 AM UTC
Question

Mail Box and Post it's attached to.

Can you take a deduction for the purchase of a mail box and the post it's attached to? What category would it go under? We have a home based business.

2 replies

Alumni - Intuit
Mar 15, 2021 5:22 PM UTC

If the mailbox was purchased for (and exclusively used by) the business, then you can deduct the cost of the box and the post.

"Mail service" is an ordinary and necessary expense in conducting most businesses.

 

From the IRS What Can I Deduct?:  To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary.

 

Level 2
Aug 17, 2021 9:24 PM UTC

Thank you for your answer ToddL99!