Small business deductions

[MILLION]

What is the name of your state? Indiana

I started a business in Janruary 2007 and want to know can I claim my cell phone as a deduction and also can I claim tools I purchased for the business

 

[LdiJ]

What is the name of your state? Indiana

I started a business in Janruary 2007 and want to know can I claim my cell phone as a deduction and also can I claim tools I purchased for the business

If you use your cell phone for business, then yes you can claim the percentage that you use for business.

As far as the tools are concerned, those may need to be depreciated or 179 expensed, depending on the cost of the tools and their usefull life.

 

[wayward1]

Where to list a cell phone

If you can a cell phone for business purposes, where is on the form do you list it??

 

[LdiJ]

If you can a cell phone for business purposes, where is on the form do you list it??

Schedule C, where you list your business income and all of your other expenses.