Let's Talk About Business Gifts and Your Vacation Rental

Did you know that IRS Form 463, page 13 states “If you give gifts in the course of your trade or business, you can deduct all or part of the cost.”?

Of course, that’s later qualified with a $25 limit to any one person, but the fact is, in most cases, giving a small gift to your customer (your vacation home renter) is deductible on your taxes. And the number of gifts per year is unlimited!

Gift giving allows a more personal bond to form between your client/customer/renter and you. It indicates that you were thinking about the comfort, well being, or security of your guest, and is likely to be thoughtfully returned in the form of repeat business and recommendations.

Of course, as with any tax advice, be sure to consult your personal tax preparer for specifics…then start giving!