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April 8, 2025
Question

Travel and Event Planner - Event Location Deduction

  • April 8, 2025
  • 1 reply
  • 0 views

I'm a travel and event planner.  If I use my home for a class I'm teaching, hosting events, and promos, can I use the comparison of a local hotel meeting room and deduct "meeting space" from Schedule C?  What category would I list it under?  Local hotel is charging $150 for 4 hours.

    1 reply

    April 8, 2025

    No.

     

    You cannot deduct this as there is no out-of-pocket expense.

     

    If you are self-employed and you use your home on a regular basis, you may be eligible for a home office deduction.

     

    Please read this TurboTax article.

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