6 Comments for Can I Deduct Phone Bills When I Have Home Business?

• 1. Adios  |  September 15th, 2009 at 6:08 am

  you can deduct pretty much anything for your home based business. if you have one room solely dedicated as your home office, you can deduct your phone, ISP, rent//mortgage, any furniture or equpiment you buy, even business meals.

• 2. whattodo  |  September 15th, 2009 at 6:38 am

  If you only have one phone line, you can deduct long distance calls that are for business purposes. You cannot deduct any of the expense for the local service. If you choose to add a second line for exclusive business use, that associated expenses would be fully deductible. This is applicable regardless of your business form, proprietor or corporation.

• 3. LP  |  September 15th, 2009 at 6:57 am

  Dale is correct. One line = Long distance only that is related to business. Two lines = Deduct the entire cost of the BUSINESS line.

• 4. extra_37  |  September 15th, 2009 at 7:37 am

  Yes. Yes. And, Yes.
  You can always deduct all legitimate business expenses no matter how the business is organized. Just kkep good record to support your deductions.

• 5. pvtnvstr  |  September 15th, 2009 at 8:21 am

  Yes you can deduct the % usage of your phone for business use on Sch C (1040) and an S Corp.

• 6. awaken_n  |  September 15th, 2009 at 9:14 am

  oooww well hey ask your tax lawyer! no really if you can’t get a good answer just drop by h & r block and they can tell you.
  OR go online in google type in “tax deductions home business” or go online to h & r block and ask a rep.
  i think you can. but don’t take my word for it.

Leave a Comment for Can I Deduct Phone Bills When I Have Home Business?

Trackback this post  |  Subscribe to the comments via RSS Feed