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- Re: business expense deduction
business expense deduction
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fred7777
Level 2
01-21-2023
09:48 AM
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I am self employed and one of the attorneys for my business passed away. I sent bereavement flowers to his family ($390).
1. Is the $390 a deductible business expense?
2. Is it subject to the $25 de minimis rule?
3. What expense category? "Miscellaneous"? "Supplies"?
4 Comments 4
sjrcpa
Level 15
01-21-2023
09:52 AM
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Business gift. $25 deductible.
I usually call the expense Gifts. It doesn't really matter. If this is the only gift for the year, lump it in with other misc.
The more I know, the more I don't know.
BobKamman
Level 15
01-22-2023
03:00 PM
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New Jersey? What if the attorney for the guy suing you is still alive, but you send a horse's head?
Flowers apparently were allowed in full for a minister who bought them "during his visits and trips to hospitals and wakes." T. C. Memo. 1997-418, Edgar and Doris Brown (1997).
And I'm not sure that this is a "gift" as defined in Section 274. " For purposes of this section, the term “gift” means any item excludable from gross income of the recipient under section 102 ..." Who is the recipient? Not the decedent, I hope. The family? If there are 20 people at the funeral, does that mean a total of $500 is allowed? In my days of working at a mortuary, flowers were often donated to a government or nonprofit nursing home after the funeral, to brighten the lives of those still living. Who gets that deduction? Is an appraisal needed, when there are dozens of appreciative former clients?
