New cell phone business expense?

Discussion in 'Business Operations' started by MudslinginFX4, Aug 10, 2004.

  1. MudslinginFX4

    MudslinginFX4 LawnSite Bronze Member
    Posts: 1,170

    OK, here is the deal... I currently own a Nextel cell phone and am having problems with it. I am going to go tomorrow and get a new phone. Since select customers call me on the phone sometimes can I have my business buy the phone? The phone is in my personal name, not my business name... just wondering.
     
  2. gvandora

    gvandora LawnSite Member
    Posts: 143

    Your new cell phone would certainly be a business expense. You can probaby get away with deducting the entire cost of the new phone. However, it would be better to keep track of what percentage of your calls are business than deduct that amount of the cost of the new phone.

    Let's say the new phone cost you $150.00 and you make 70% business and 30% percent calls. You could deduct 70% times $150.00 which is $105.00.

    That's called a "ratable portion" or an amount of something determined by another amount.
     
  3. all degree

    all degree LawnSite Senior Member
    Posts: 344

    Just dedect the whole thing you will never be asked about it even if you do get audited
     
  4. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    just deduct the whole thing, you don't even have to put it in your business name
     
  5. CamLand

    CamLand LawnSite Bronze Member
    Posts: 1,300

    i deduct mine and my wifes......
     
  6. Team Gopher

    Team Gopher LawnSite Platinum Member
    from -
    Posts: 4,041

    Hi ECMLawn,

    Here is a quote from this article.

    Tax Tips for Home-Based Business Owners

    "All of your equipment - your computer, printer, scanner, cell phone, printer ink, etc - is also tax deductible."
     

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