- 6 -
generally Frankel v. Commissioner, 82 T.C. 318 (1984)
Petitioner used his cell phone in the conduct of his real
estate business during the taxable year 2002. During 2002,
petitioner paid $53 per month for his cell phone service. He is,
therefore, entitled to a $636 deduction as a Schedule C business
expense for 2002. Petitioner also sought to deduct 70 percent of
the cost of his home telephone as being for business use.
Petitioner’s home phone is not deductible. See sec. 262(b).
During 2002 petitioner paid $199 for education and/or
educational materials in connection with his real estate business
activity. We find and hold that petitioner is entitled to a $199
educational deduction as a Schedule C business expense for 2002.
During 2002 petitioner incurred expenses for advertising in
newspapers and periodicals in order to attract customers for his
real estate business. He incurred $230 quarterly to place his
advertisement in a local periodical and he ran eight
advertisements in a local newspaper at a cost of $25.00 each, and
he had one additional advertisement that cost $8.09. We,
accordingly, hold that petitioner is entitled to a Schedule C
business deduction in the amount of $1,128.09 for advertising
during 2002.
Petitioner owned a computer that cost $1,048, and he used it
in his real estate business during 2002. Petitioner is entitled
to a $209 depreciation business deduction for his 2002 tax year.
Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: November 10, 2007