topic One of our suppliers made us use GIFT CARDS to purchase our products. What section of the tax form do I add the amount we spent on gift cards? in Get your taxes done using TurboTax

One of our suppliers made us use GIFT CARDS to purchase our products. What section of the tax form do I add the amount we spent on gift cards?

EnergyBiz4U-com — Sat, 08 Feb 2020 22:40:37 GMT

Re: One of our suppliers made us use GIFT CARDS to purchase our products. What section of the tax...

RobertG — Sat, 08 Feb 2020 23:24:12 GMT

You would not deduct the cost of the gift cards, you would deduct the cost of the products, either as a business expense, like supplies, or as purchases, if the products are inventory.