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G
gjf243
June 3, 2019
Question

Do I put the whole cost of a phone loan on my taxes or only the payments I have made during this calendar year?

  • June 3, 2019
  • 1 reply
  • 0 views
I am paying off a new iPhone and two year warranty through Apple's iPhone Upgrade Program. I traded in my old iPhone for a credit off of the purchase. All sales taxes were paid for up front.

1 reply

Critter
Critter
Employee
June 3, 2019

When you enter an asset you put the total cost of the item no matter how long it will take you to pay it off. 

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