Posted: 4/1/2004 12:59:23 PM EDT
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I am professional skydiver and sometimes I comp some of my jumps for free. Can this be considered a business gift and how much can I deduct? I know I cant deduct retail value but can I include the wages I didnt earn on that jump as part of the gift? I have in previous years only deducted the actual costs of the jump tickets but can I add in my lost wages? Thanks for any help. |