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Self employed
Unfortunately not. The IRS says "you generally can't take a bad debt deduction for unpaid salaries, wages, rents, fees, interests, dividends, and similar items." In might sound unfair but the IRS thinks you can't take a deduction for money you might have earned had their been no quarantine since there's no guarantee you would have earned that money.
March 11, 2021
8:40 PM