Can you get tax deduction for a flight taken for business related matters?
Date: Thu, 09/12/2013 - 04:58
I have to make frequent trips for my business. Recently, I made a trip to Oneonta, Alabama to attend a business meeting. I had used the frequent flier mileage to get the air ticket. Now, I have been asked to show a particular section of 162 that permits to deduct the price of ticket as business expense. Is there any law regarding this?
You dont have a receipt for a
You dont have a receipt for a ticket as the ticket was free...frequent flyer miles are a perk. No deduction for you.
Soaplady is right.
Soaplady is right.
Be glad that the IRS does not consider the free miles as income or capital gain or they would make you pay tax like on a prize winning. If you donate your miles your can't even take a tax deduction because the IRS puts no value on them
