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posted Jun 6, 2019 7:09:35 AM

If I use coupons can I deduct the listed price or only the amount I actually paid?

I use coupons at CVS and also receive extra bucks to use on future purchases.  Often I pay less than 20% of the cost of the items.  Can I deduct the FMV (the amount before coupons and extra bucks) or only what I end up actually paying?

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1 Best answer
Level 15
Jun 6, 2019 7:09:36 AM

For any deductible expense use what you actually paid.

1 Replies
Level 15
Jun 6, 2019 7:09:36 AM

For any deductible expense use what you actually paid.