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Random Posts:3 2006-04-05 23:46:58 |
Form 1065: Can I use "discounts" provided to clients as a tax deduction? |
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| I am using Turbo Tax Business to do my California LLC taxes and it has a field for "discounts" given to customers for other deductions. We provided consulting services and a discounted rate was provided to a few customers. The amount is noted on every invoice.
The "gross receipts and sales" amount, I entered into the first line is esentially the amount; I've collected from them (so the full cost minus the discount given). Can I still deduct it as an "Other Deduction"? |
Inlove Posts:2 2006-04-05 23:56:55 |
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| yes |
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