Where do I enter loss for work that was done but we were not paid for?
You'll need to sign in or create an account to connect with an expert.
You can't deduct income you never received. You will just have less income to be taxed on. You take the loss by still deducting all your expenses but not your time or labor.
You can't deduct income you never received. You will just have less income to be taxed on. You take the loss by still deducting all your expenses but not your time or labor.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
JAFO59
Level 1
Bosh007
New Member
jbharath11
New Member
FT628
New Member
gladysw
New Member