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How to deduct a business bad debt on my return

hfang688
Level 1
 
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IRonMaN
Level 15

If cash basis business, you don't - you already wrote if off by not including it in income to begin with.


Slava Ukraini!

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2 Comments 2
IRonMaN
Level 15

If cash basis business, you don't - you already wrote if off by not including it in income to begin with.


Slava Ukraini!
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abctax55
Level 15

"Can't write it off if you never wrote it on"   /s Archie aka Chuck.  May he RIP.

"*******Tax software is no substitute for a professional tax preparer*******
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