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 · ‎February 8, 2020

RobertG · ‎February 8, 2020

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.

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RobertG · ‎February 8, 2020

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.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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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?