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heather-holmes41
New Member

If I paid for a business conference this year but don’t travel until 2021, do I deduct it on 2020 taxes or 2021 taxes?

 
2 Replies
Mike9241
Level 15

If I paid for a business conference this year but don’t travel until 2021, do I deduct it on 2020 taxes or 2021 taxes?

2020 unless you are a w-2 employee in which case it's not deductible

NCperson
Level 15

If I paid for a business conference this year but don’t travel until 2021, do I deduct it on 2020 taxes or 2021 taxes?

you deduct the expense and report the income in the year the cash moves..... 

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