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Old Jun 6, 2004 | 9:38 pm
  #18  
monitor
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Originally Posted by Jailer
I have always felt that if you are deducting the cost of the meal for business, then the 20% cash back becomes a taxable event, particularly as (I believe) the rebate shows up on the cc that was used.
Well, of course you can't deduct the 20% rebate and so therefore you should put the charge on your expense report reflecting the actual cost. What you can do is deduct the entire membership fee yourself (or put it in for reimbursement) if you use it for business at all, even if the lion's share of the usage is personal.
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