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Level 1

Income loss

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.

2 Replies
Expert Alumni

Income loss

The loss of income would not be deductible.  However, there will be less income to report for 2020.  

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Level 1

Income loss

That is what I thought as well. Thanks for replying. 

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