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kjhcpr
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Professional dues and E&O insurance is due by 12/31/18 for the following year, 2019. Which year are they to be deducted from taxes, 2018 or 2019?

 
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Professional dues and E&O insurance is due by 12/31/18 for the following year, 2019. Which year are they to be deducted from taxes, 2018 or 2019?

On a Sch C (as a cash based business) the cost is deducted in the year paid. 

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