As financial planner, we hold retirement seminars at local restaurants (50 people at a time) for potential clients. Where do I deduct costs? Advertisement? Misc expense?

We use an agency to find qualified potential clients, confirm appointment and have the meeting at an upscale restaurant. We give a 1 hr seminar on retirement then have dinner and sign potential clients. We then meet with them and try to earn their business. Each seminar costs approx $3k for the dinner/venue and $2500 for the marketer.

posted

When claiming the business expense on your Schedule C, you could use either category. It makes sense that it could be advertising or a miscellaneous expense where you can write your own description for the expense. The end result will be the same whichever category you choose.

@bigbaldy33

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"