How to deducts phone expences for self-employed and how much? Which form to use?
Thank you
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How to deducts phone expences for self-employed and how much? Which form to use?
Thank you
You have to file a Schedule C, your phone expenses are entered under utilities.
Thanks a lot... and how is allowed?
Actually, if the phone is a HOUSE landline, it is NOT deductible as a utility. In fact, it is not deductible PERIOD.
However, cell phones are deductible as a necessary expense. I usually put the monthly fees under OFFICE EXPENSES and depreciate the phone itself on Form 4562.
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