1686935

If I paid for a workshop in 2019 (business expense), but attended in 2020, in which tax year should the deduction be claimed?

posted

Connect with an expert

1 Reply

If I paid for a workshop in 2019 (business expense), but attended in 2020, in which tax year should the deduction be claimed?

If you are a cash basis taxpayer, you would claim the expense in the year paid, not in the year you attended.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post