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We do carpet and cleaning, and give a 20% discount to service members, fire and policemen. Can we write that off?

 
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MinhT
Expert Alumni

We do carpet and cleaning, and give a 20% discount to service members, fire and policemen. Can we write that off?

The discount you give cannot be claimed. You just report as income the discounted price that you receive.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
MinhT
Expert Alumni

We do carpet and cleaning, and give a 20% discount to service members, fire and policemen. Can we write that off?

The discount you give cannot be claimed. You just report as income the discounted price that you receive.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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