If I write off new my phone, and am not sure the exact percentage how much accumulates to work and not work, do I simply write off 50% of my purchase?

Question

AI accountant’s answer:

When it comes to writing off your phone for business use, you need to determine the percentage of time you use it for business versus personal use. This is because the IRS only allows you to deduct the portion of the expense that's used for business.

If you're unsure of the exact percentage, it's best to make a reasonable estimate based on your actual usage. For example, if you think you use your phone for business about half the time, then deducting 50% of the cost would be reasonable.

However, it's important to note that the IRS may ask for proof of your business use, so it's a good idea to keep records. This could include call logs, data usage records, or any other documentation that shows how much you use your phone for business.

Not Correct.

Looks good

Keeper’s AI Accountant V2

V2 is still a fine-tuned instance of GPT-4. Improvements over V1 include more comprehensive tax code embeddings, and better chain-of-reasoning retrieval system.

Ask an AI Accountant

Keeper’s AI Accountant V2