I used frequent flier miles for a business trip. How do I put a value on this expense for my tax forms? - value of frequent flier miles
I need my journey to deduct as business expenses and I frequent flyer miles for plane tickets. How do I know how much of my federal tax forms?
Monday, January 4, 2010
Value Of Frequent Flier Miles I Used Frequent Flier Miles For A Business Trip. How Do I Put A Value On This Expense For My Tax Forms?
3 comments:
These miles of loyalty costs nothing. They were a reward. You can not deduct. You do not have to pay out of pocket.
They do not. For tax reasons, the number of frequent flyer miles is zero.
"If you get a ticket or pass to travel free as a result of frequent or similar program, the cost is zero."
The deduction is to be what is actually paid. That would be zero.
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