No. This is a bookkeeping adjustment but is not a tax return allowed deduction. Think of it like this, the income was never reported or taxed, and in tax law, aside from the current stimulus situation. this is not allowed unless you were on the accrual basis which means the income is reported when it is billed not when it is received.
- Example: A farmer is allowed to deduct the seed, fertilizer, equipment, labor, etc to plan his crop. If it is destroyed by fire, or weather, and they do not have any sales they cannot deduct what they anticipated they might receive.
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