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Business & farm
Yes, you would add it in the miscellaneous section. However, per the IRS rules, you can only deduct up to $25 per person for business gits. So for example, if you gave a $100 gift to a client, you can only enter $25 for that since the maximum limit of business gifts is $25 per person.
You can take a maximum $25 deduction per client under the business gifts category.
March 2, 2022
7:48 AM