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Itemized Deductions Schedule-A


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Old 01-10-2015, 04:57 AM
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deductions

say you pay a dollar for a survey and get back $1.30 can count the dollar you pay for the survey as a deduction?



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Old 01-11-2015, 04:30 AM
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Quote:
Originally Posted by jskipton View Post
say you pay a dollar for a survey and get back $1.30 can count the dollar you pay for the survey as a deduction?
I guessit depends; aslongas you report $1.30 as taxable income, then yes; if it is ordinary and necessary expenses for your business, then ir is generally tax-deductible



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