topic Tax Year 2016: If I paid for a hotel for a business trip in 2016, but the trip is not until this year, when can I claim the expense? in Deductions & credits

Tax Year 2016: If I paid for a hotel for a business trip in 2016, but the trip is not until this year, when can I claim the expense?

milleb9890 — Wed, 03 May 2023 15:43:13 GMT

KarenL2 — Sat, 01 Jun 2019 05:05:45 GMT

Assuming you are a Cash Basis business (most small businesses are), you will claim it in the year you paid it. In your case, that is 2016.