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Hello, I can't find where I deduct discounts and promos applied to the services I offer? Is that in miscellaneous expense? Thank you,
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Your gross receipts or income should already take those discounts and promos into account. For example, if you normally charge $100 for a service but gave a customer a $20 discount, you enter $80 into your books as income, not $100. Otherwise, there's no deduction for discounts and promos you give.
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