I am wanting to know if I can deduct my hunting trips since I am advertising for my business and the animal harvested will be mounted as part of advertisement for the business. If so how much is allowed(ie. fuel,lodging,license)?
Generally, advertising and travel expenses can be deducted if they are considered both 'ordinary' and
'necessary.' An ordinary expense is one that is common and accepted in
your field of business. A necessary expense is one that is helpful and
appropriate for your business.
For a clear and complete explanation of business expense deductions, refer to Business Expenses (IRS Publication 535). For information on deducting travel expenses, visit Travel, Entertainment, Gifts and Car Expenses (IRS Publication 463).
I suggest that you consult with an accountant that has experience with small business clients for an accurate answer.
NicoleD | Former Moderator | 12/7/2010 - 7:38 am
NicoleD | Former Moderator | 12/1/2010 - 12:31 pm
Join The Discussion
You must be logged in to join the discussion. If you already have an SBA Community account, Log In to join the discussion.
New users, Register for a new account and join the conversation today!