Let's say I need to purchase a $1000 computer for my sole propietorship / side business. I can pay $1000 and deduct it on my schedule C, but what if I have the opportunity to pay $800 for a $1000 gift card, then purchase the computer with that gift card.
Can I deduct the purchase of that $800 gift card? I could also provide the proof that I spent the gift card on the computer.
See similar question: Using credit card points to pay for tax deductible business expenses
Thanks in advance