Can input income loss (in-kind contribution) as a business expense? I provided intellectual capital and was never paid on a business proposal.

I provided intellectual capital and was never paid on a business proposal.

posted

Connect with an expert

1 Reply

Can input income loss (in-kind contribution) as a business expense? I provided intellectual capital and was never paid on a business proposal.

No, you can only deduct expenses that are paid for with monetary assets, you can't deduct the value of your intellect.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post