Can travel agent client dicscount incentives be deducted and where?

Are you booking the gross amount (pre discount) as revenue?

Are you the Travel Agency, Travel Agent or client?  Who is paying for or being charged for the discount?

Am Independent Travel Agent, paying discount to my customers out of my own commissions.

So you give them a rebate?

Booking gross amount (pre discount) as revenue. Did not deduct anything.

Yes, % of total commission.

So you will get a 1099Misc for the gross amount?  Then do you cut a check to the client or how do you give them the discount?

Provided through Travel Agency program I work with, along with incentives they also provide and both discounts are passed along to customer as on-board credit. It's taken from commissions recieved by the Travel Agency from the cruise line and then my part is taken out of my commission. In other words, I give money back to my customers to retain them. Each has to be approved by the Agency.

The discount must be taken from your commission that you receive on the transaction.

The costs associated with client discounts borne by a travel agent is deductible at tax time.[taken out of commissions]

 If the discount is underwritten by a hotel, airline, rental car company or other vendor, it is no longer deductible for the travel agent as a tax deduction.

Thanks, I need to know where to deduct in Turbo Tax though, since I did not know I that could on my 2015 taxes and will have to refile.

Your welcome.
Other Expenses. SCHEDULE C
List  business expenses not included on lines 8–26 or line 30.
Generally in Turbotax  this is the last screen that is displayed in the Schedule C expense section.
Ensure you state a proper description for expense and then the expense in the proper line.
You can aggregate or list separate as applied to each event.

That answers my questions, thanks!

Your welcome.