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alfiestolarz
New Member

If i lose income due to weather is that a business loss?

i am a therapist and had to cancel sessions due to weather - they could not be rescheduled - is that a business loss
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MinhT
Expert Alumni

If i lose income due to weather is that a business loss?

You cannot claim your "lost" income as a business loss.

In fact, that "loss" is already built into the profit or loss from your business as you only report the actual income you receive (without that "lost" income).

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1 Reply
MinhT
Expert Alumni

If i lose income due to weather is that a business loss?

You cannot claim your "lost" income as a business loss.

In fact, that "loss" is already built into the profit or loss from your business as you only report the actual income you receive (without that "lost" income).

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

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