2007-03-02 07:03:24 · 7 answers · asked by Niki N 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Yes, all legitimate business expenses are deductible. Advertising is certainly one of them -- there's even a line for it on Schedule C.
2007-03-02 07:09:49 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Advertising expenses are deductible by a business. As with all business expenses, they must be reasonable and necessary to the business.
2007-03-03 13:33:28 · answer #2 · answered by taxman 2 · 0⤊ 0⤋
If you have an income producing activity (business), then yes of it is a necessary business expense.
But if you're referring to advertising as a personal expense, then no.
If you are a sole proprietor, then you'd deduct it on your schedule C. For other business types, it is a separate line item on page 1 of the return (1120, 1120S, 1065, etc.)
2007-03-03 14:29:17 · answer #3 · answered by Molly 6 · 0⤊ 0⤋
Obviously you should ask a tax expert, which I'm not, but I think that it is deductible.
Usually any legitimate expense you have to run a business is deductible. Stamps, printer cartridges, internet connection etc can (normally) all be deducted, at least in part, so I assume advertising would be covered too.
2007-03-02 15:07:11 · answer #4 · answered by Digital Haruspex 5 · 0⤊ 2⤋
If its a personal ad, or not business-related, then no, it is not deductible. If you are self-employed and file a Schedule C you could deduct it as a business expense.
2007-03-02 21:09:19 · answer #5 · answered by tma 6 · 0⤊ 0⤋
Yes
2007-03-02 15:08:04 · answer #6 · answered by DB 3 · 0⤊ 2⤋
Only if you place your ad in perverted magazines.
2007-03-02 15:24:22 · answer #7 · answered by bold4bs 4 · 1⤊ 4⤋