topic For my business I had a loss due to non payments for service, where do i enter that on my taxes? in Get your taxes done using TurboTax

For my business I had a loss due to non payments for service, where do i enter that on my taxes?

jodhall — Sat, 01 Jun 2019 17:37:08 GMT

its a home base business. I had customers that didn't payment for services which they received and were invoiced for. Where on my taxes can I claim a loss for these services?

Unfortunately, you can’t claim a deduction if a client fa...

JohnW15 — Sat, 01 Jun 2019 17:37:09 GMT

Unfortunately, you can’t claim a deduction if a client fails to pay you.

If you’re a cash basis taxpayer who provides services to clients, you don’t report income until you actually receive it.

As a result, you don’t have an economic loss for tax purposes when a client fails to pay.