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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:

Yes, as long as you partially used the phone for business, you'll be able to deduct the cost of buying it regardless of whether you paid in installments or all at one.

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Melissa Pedigo, CPA

Melissa Pedigo has been a CPA for over 20 years and she is one of the only CPA copywriters in the world. With a vast knowledge of U.S. tax and accounting, she’s able to write about tax and finance topics from a unique perspective...as an industry expert. When she’s not writing or being an accounting nerd, you’ll find her watching and playing tennis, reading, tending to her half-grown garden, and studying foreign languages

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