The National Directory of Certified Public Accountants

Ask A CPA - Travel & Entertainment

Is The Cost For My Basketball Skybox Rental Totally Deductible?

No. There is a 50% cost limitation on meals and entertainment that include skyboxes. Also, if the rental is for more than 1 game, you are only allowed to deduct the face value cost of the non-luxury box seats for the number of seats in the box as the deductible amount. The deduction would be claimed on IRS Schedule C or Form 2106.

If you need professional help with "Travel & Entertainment" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.