topic Business loss in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/business-loss/01/3424478#M115657 <P>Where do I enter loss for work that was done but we were not paid for?</P> Sat, 18 Jan 2025 23:00:58 GMT Emily471 2025-01-18T23:00:58Z Business loss https://ttlc.intuit.com/community/business-taxes/discussion/business-loss/01/3424478#M115657 <P>Where do I enter loss for work that was done but we were not paid for?</P> Sat, 18 Jan 2025 23:00:58 GMT https://ttlc.intuit.com/community/business-taxes/discussion/business-loss/01/3424478#M115657 Emily471 2025-01-18T23:00:58Z Re: Business loss https://ttlc.intuit.com/community/business-taxes/discussion/re-business-loss/01/3424482#M115658 <P class=""><SPAN class="">You can't deduct income you never received.<SPAN class="">&nbsp; </SPAN>You will just have less income to be taxed on.<SPAN class="">&nbsp; </SPAN>You take the loss by still deducting all your expenses but not your time or labor.</SPAN></P> Sat, 18 Jan 2025 23:07:03 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-business-loss/01/3424482#M115658 VolvoGirl 2025-01-18T23:07:03Z