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Get your taxes done using TurboTax
Per IRS Topic no. 453 regarding Bad debt deduction, if you're a cash method taxpayer (most individuals are), you generally can't take a bad debt deduction for unpaid fees. If you received a Form 1099-NEC showing a larger amount than what you were paid, you could contact the company or individual that issued it and have them correct it.
‎April 15, 2024
3:46 PM