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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?
- Anonymous
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.

Melissa Pedigo

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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