I'm trying to add Cloud storage as a small business deduction. However, I use it to save personal and business photos & videos. How do I split this deduction?
I'm trying to add Cloud storage as a small business deduction. However, I use it to save personal and business photos & videos. How do I split this deduction?
You would prorate it based on usage. Example. If you have 15,000 pictures on your cloud and 12,500 are personal and 2,500 are business 16.67% (2,500/15,000) of your storage fees would be able to be used as a business deduction. The other 83.33% would not be deductible as it is a personal expense.
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