Upgrade Certificates and Tax Deductions
#1
Original Poster
Original Member
Join Date: May 1998
Location: Los Angeles, CA, USA
Posts: 44
Upgrade Certificates and Tax Deductions
Every year I have some consulting income, and I know that I am allowed to write off business travel on Schedule C of the tax forms (assuming of course, I paid for the travel myself). Is the same true for upgrade certificates? This year most of my coach tickets were paid for, but I purchased the upgrade myself.
Any advise would be appreciated.
Any advise would be appreciated.
#3
Commander Catcop
Join Date: May 1998
Posts: 10,259
Here's the answer: see your CPA.
And personally even though you have made a quazi Travel related question I think this gets into Tax Laws which is beyond some of us like myself and more work for the lawyers among us, who may have different views.
WOW!!! JAWS & THE GREAT, HANDSOME AND BELOVED
CAT AGREE ON SOMETHING!!!
Can't resist this OMNI: My friend Frank who is also my accountant and I always make sure to go out for lunch/dinner and drinks before taxes due (when I give the forms) and afterwards (when he gives me the bad news.)
I tend to do the AFTER a few days before the end of tax season so we both can cry in our beer -- me from the tax bill and him from exaustion!!! CATMAN
[This message has been edited by Catman (edited 02-01-99).]
And personally even though you have made a quazi Travel related question I think this gets into Tax Laws which is beyond some of us like myself and more work for the lawyers among us, who may have different views.
WOW!!! JAWS & THE GREAT, HANDSOME AND BELOVED
CAT AGREE ON SOMETHING!!!
Can't resist this OMNI: My friend Frank who is also my accountant and I always make sure to go out for lunch/dinner and drinks before taxes due (when I give the forms) and afterwards (when he gives me the bad news.)
I tend to do the AFTER a few days before the end of tax season so we both can cry in our beer -- me from the tax bill and him from exaustion!!! CATMAN
[This message has been edited by Catman (edited 02-01-99).]

