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Level 1
July 9, 2020
Question

discounts

  • July 9, 2020
  • 2 replies
  • 29 views

Can I deduct the difference between the full price for my services and the discounted price?

2 replies

Level 15
July 9, 2020

No. 

Level 15
July 9, 2020

You report the income you receive.  If you receive less income, because you offered a discount, then you already  pay less tax.  You can't take another deduction.