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Cruise Planner and Travel Agent - Cruise Expense Deductions

Forum|Forum|3 years ago
March 28, 2023
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As a Cruise Planner and Travel Agent dealing exclusively in cruises and cruise events, am I able to deduct 100% of my cruise expense when supported by receipts and well documented regarding my business activities while on the cruise ship?

Not A Product Question

Best answer by KrisD15

I would use Travel Expense as the category. "Other" is a catch-all which the IRS "Frowns Upon" .

Either place is fine, but whichever you choose, try to use the same category year after year. The IRS does like consistency.

M

MAK70

Yes, you can deduct any ordinary and necessary expenses. You can deduct 100% if it was all business, and the IRS allows you to reduce your deduction if there are parts that can be personal (though not required, it is not all or nothing.)

A

ADelgado1334Author

Thank you for the reply. Do you think it would be most appropriate to record the expense on Schedule C on the line for Travel Expense or more appropriately on the line for Other and note it related to Selling and Travel Destination Research or similar to clarify the business purpose.