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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?

 
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2 Replies

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

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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