Monday, January 16, 2012

Can I Deduct my iPhone if I Use It To Take Photos for My Business?

Can I Deduct my iPhone if I Use It To Take Photos for My Business? Tube. Duration : 0.88 Mins.


The answer is provided by TurboTax. Because an iPhone is something that can easily be used for both business and personal use, the IRS rules to take a deduction are complicated and require a lot of record keeping. If youre in the business of taking pictures with your iPhone, you might be able to take a deduction but youll need to document the percentage that you use your phone for business and the percentage for personal use. For more information, visit: turbotax.intuit.com

Tags: turbotax, turbo, tax, taxes, iphone, deduction, deduct, business

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