I am with a MLM company and earn commissions. I often gift a part of my commissions to new customers which gives them a discounted price, is this deductible?

 
ToddL
New Member

Get your taxes done using TurboTax

If your commission income is reported to you on a 1099-MISC, then you should be able to deduct these payments   from your income ("Income you Gave Back"). See the attached screenshot for where to find this entry in TurboTax Self-Employed. 

This entry is a Business Income entry, not a "gift".

Get your taxes done using TurboTax

Thank you for your time, the attached screenshot will not open? I would like to know where i enter this. Look forward to hearing from you again.

Get your taxes done using TurboTax

Do I list it under commission expenses?

Get your taxes done using TurboTax

misc expenses titled income given back?
ToddL
New Member

Get your taxes done using TurboTax

I've replaced the screenshot. You could also list as Misc Expense, "Rebates"

Get your taxes done using TurboTax

Thank you!