Can I pay my monthly phone bill through my LLC since it's used for business?

Can I pay my monthly phone bill through my LLC since it's used for business?

by Larry M. Carroll, CPA | Oct 09, 2017

I have an LLC (property management). Am I able to buy my next phone and pay for the monthly bill through the LLC as an expense? I use the phone primarily for the LLC and W-2 job; however, there are personal overlaps since this is my only phone.

If this is your only phone, then you can deduct only identifiable business use.
If you have a land line, then the business part of the cost of the phone and usage charges are deductible. Personal use and use for your W-2 job are not deductible. W-2 use might be deductible as an itemized deduction subject to the 2 percent limitation.
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Answered by: Larry M. Carroll, CPA, is individual practitioner with Larry M. Carroll CPA PC in Blue Bell, Pa.
The responses are based on the limited information provided by the questioner and apply the laws and regulations at the time of posting. Other options could arise as rules and regulations may change over time, including but not limited to the passage of the Tax Cuts and Jobs Act of 2017. They are intended to provide general information, not specific accounting or tax advice; they are not intended or written to be used and cannot be used for the purpose of avoiding or evading taxes or penalties under the IRS code or regulations. Views expressed do not imply an opinion of the PICPA, its officers, directors, employees, or members.
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