My wife is a Medical Professional; she, along with the rest of the Management staff, are being required to take a 10% pay cut during the COVID event. I know this will not impact the 2019 tax year, I am curious if this loss can be detected next year.
The loss of income would not be deductible. However, there will be less income to report for 2020.
That is what I thought as well. Thanks for replying.
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