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Sole Proprietorship - Schedule C

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  4. As a Salesman, are the NY Knick tickets I gifted my client deductable?

As a Salesman, are the NY Knick tickets I gifted my client deductable?

Sporting event tickets are considered an entertainment expenses, if you accompany them. The deduction for a business gift is limited to $25 per person per year. Generally, the amount allowable as a deduction for meals and entertainment expenses is limited to 50% of such expenses.

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