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This travel package would be deductible, and you would put it on line 26 "other deductions" and list out the expense on a schedule.
There is no special line on the tax return for this type of expense.
You simply lump it with all the other expenses that don't have special lines on the 1120.
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can we name it "travel pakage for clients" on other deductions? woud you give me any name for this? thanks
also, is this expense 100% fully deductible? thanks
Yes, you can name it "client travel package" and this can be fully deducted.
It is 100% deductible.
If this is considered a gift, then there is a $25 limit on the deduction.
This is in publication 463....which is accessible HERE
I read pub 463. I am not sure if this is considered a gift or not. We plan to give a free travel package to client if they purchase more than 10,000.00. Travel package cost will be 3,000.00 per client (company). If it is considered a gift, only 25.00 will be deductible? thanks