Solved
Am I able to deduct a customer discount?
For example - An item costs $100. Once a month I discount that item by 20% and the customer only pays $80. Can I deduct the $20 on my taxes?
If you claim the $100 you WOULD HAVE received as income, then you can deduct the $20 discount.
Its more common to report the $80 you received as income.
You cannot report income of $80 and the $20 discount given.
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