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Question
Do I have to buy a phone outright in order for it to be a tax write off? Or does it count if I make monthly payments?
AI accountant’s answer:

You can definitely deduct the cost of your business phone even if you're making monthly payments. The key is that the phone must be used for business purposes. If it's used for both personal and business, you'll need to determine the percentage of business use and only deduct that portion. Remember, the IRS requires that the expense be both ordinary (common in your line of work) and necessary (helpful and appropriate for your business) to be deductible.

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