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Business & farm
Thank you for the response. The lottery ticket cost only $1, so it would seem that this gift to the client would be an exception since it meets the below $25 threshold. Or are lottery tickets simply not deductible unless the recipient is aware that it's a payment and must be reported as income? The intent of this gift is gratitude to the client for choosing the real estate agent's business. Much thanks for the clarity.
‎June 4, 2019
6:55 PM