If a Sam's Club membership is used to purchase items for your business, can you deduct the cost of the membership on your Form 1040 Schedule C?
2007-09-30 15:03:59 · 5 answers · asked by pyjamarama 2 in Business & Finance ➔ Taxes ➔ United States
Yes....for the business portion of your purchases.
If 100% of your Sam's Club purchases were for business related items, 100% of the membership would be deductible.
If not all of your purchases were business related you would have to prorate the membership fee down based on the percentage of business to total purchases.
2007-09-30 16:09:33 · answer #1 · answered by Wayne Z 7 · 0⤊ 0⤋
Sams Club Schedule
2016-11-09 19:26:14 · answer #2 · answered by draa 4 · 0⤊ 0⤋
Maybe. Is it a business membership, and are you using it just for business items or for personal also?
2007-09-30 15:12:39 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
yes the membership is a legit business expense.
2007-09-30 16:08:52 · answer #4 · answered by Mildred S 6 · 0⤊ 0⤋
talk to your CPA.
2007-09-30 15:06:21 · answer #5 · answered by KitKat 7 · 0⤊ 0⤋