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Upgrade Certificates and Tax Deductions

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Upgrade Certificates and Tax Deductions

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Old Feb 1, 1999 | 10:03 am
  #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.
Aaron is offline  
Old Feb 1, 1999 | 11:41 am
  #2  
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Join Date: May 1998
Location: Houston, Texas, TEXAS
Posts: 1,510
Aaron, I would be surprised if you received an answer other than "See your CPA". Tax advice is risky, you know.
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Old Feb 1, 1999 | 12:14 pm
  #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).]
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Old Feb 1, 1999 | 7:37 pm
  #4  
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Join Date: May 1998
Location: Houston, Texas, TEXAS
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I think you have that backwards Catman. It should be the CAT and that GREAT, BELOVED, HANDSOME AND FEARLESS JAWs.
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