Received a 1099misc (box 3 filled in) for a income received to my business after it has been closed for over a year now. The company took the bad debt that was being collected from me and turned around and made it an income towards me instead. A large chunk of the income was related to an advertisement campaign that I was signed up for. I didn't claim this expense in prior years but want to know if I can claim it for this year.
