How about if I paid off credit cards with a big balance. Can I deduct that?

[Eric_S]

Credit cards used for business transactions are expenses and deductible when you purchase the items.  

Paying off the balance is not deductible.

[Melvi]

We settle a debt we had with a business card we used for office supplies. I am entering the 1099C which shows the amount of the debt "discharged" but should the debt paid be allocated as Office supplies?