Can report a business loss (unpaid invoice) of $5,...
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dugyear1963
New Member

Can report a business loss (unpaid invoice) of $5,250 on my Schedule C?

 
2 Replies
Hal_Al
Level 15

Can report a business loss (unpaid invoice) of $5,250 on my Schedule C?

No. 

You essentially get a deduction by not having to include the $5250 in your reportable income.  But you may deduct any expenses you had for that billable income. 

dugyear1963
New Member

Can report a business loss (unpaid invoice) of $5,250 on my Schedule C?

Thank You Hal_Al!!!!

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