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Level 1
posted Jun 3, 2019 11:04:07 AM

I'm a small business owner that provides a service. If some failed to pay me, do I deduct that from income, or is there a place to report that loss?

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Level 15
Jun 3, 2019 11:04:08 AM

Neither. You just have less income on which to pay taxes.  You can still claim expenses related to providing that service.

1 Replies
Level 15
Jun 3, 2019 11:04:08 AM

Neither. You just have less income on which to pay taxes.  You can still claim expenses related to providing that service.