Comments on: Can I deduct phone bills when I have home business?

By: awaken_now

awaken_now — Tue, 16 Feb 2010 13:56:09 +0000

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

By: pvtnvstr

pvtnvstr — Tue, 16 Feb 2010 05:25:26 +0000

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. pvtnvstr

By: extra_37

extra_37 — Sun, 14 Feb 2010 05:09:44 +0000

Dale is correct. One line = Long distance only that is related to business. Two lines = Deduct the entire cost of the BUSINESS line. extra_37

By: dale

dale — Wed, 10 Feb 2010 21:56:52 +0000

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. dale

By: roman s

roman s — Wed, 10 Feb 2010 16:17:30 +0000

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. roman s

By: Reaper

Reaper — Wed, 10 Feb 2010 09:20:35 +0000

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. Reaper