Wadsworth2016
Returning Member

how to report an expense on my tax when I gave my client a promotional rebate?

I am a loan broker. From time to time, I gave my clients promotional rebates when they do refinance with me. The amount could range from a few hundred dollars to a few thousand dollars. From the business point of view, I still make a good profit by giving out such rebates to encourage sales.

 

The question is where do I report these cash rebates as business expenses on my tax?