turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

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.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
ToddL99
Expert Alumni

Mail Box and Post it's attached to.

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.

 

Mail Box and Post it's attached to.

Thank you for your answer ToddL99! 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question