After you file

You can likely  deduct the cost of gift cards and merchandise given away at your travel promotion seminars as business expenses. Here’s how to handle it:

Deducting Promotional Expenses

1. Gift Cards and Merchandise: These can be categorized as advertising or promotional expenses. On Schedule C, you would typically enter these amounts under "Advertising" (Line 😎 or "Other Expenses" (Line 27a) with a detailed description.

Helpful Links

• IRS Schedule C Instructions
• Tax Write-Offs for Event Planners

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