Would a Costco membership be tax deductible if I choose to get the business membership for my business as a vending machine company as I need to buy products in bulk

Forum|Forum|1 year ago
January 20, 2025
2 replies
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Would a Costco membership be considered tax deductible if I choose to get the business membership? Costco membership would be ordinary and necessary for my business as a vending machine company since I would need to buy products in bulk

Mike9241

Level 15

yes, if you use it in your business it would be tax deductible.

Mike9241

MarilynG

Level 15

Generally, you can deduct any business expense that is both ordinary (common and accepted in your industry) and necessary (helpful and appropriate for your business).

Here's more detailed info on Business Tax Deductions and Reporting Business Income and Expenses to help you.

@anajafi

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