Hal_Al
Level 15

Business & farm

Yes, you can deduct any expenses  that are ordinary and necessary for the business. The source of the money is not relevant.

The gifted money was your money, the same as the cash in your wallet, the funds in your bank account or the credit limit on your credit card. 

If the gift card came from someone you do business with, e.g. a supplier or customer, the answer will be different. 

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