681625
Since this company never actually paid me, and the only place to put in a loss is as returns, refunds, etc. Can I take this as a loss under Business Income and Expenses?
You'll need to sign in or create an account to connect with an expert.
You cannot claim the unpaid commission as a business expense or deduction.
As you did not receive the unpaid commission, you do not report it as income and do not pay tax on it. This is the reason why you cannot claim it as a deduction or a loss.
You cannot claim the unpaid commission as a business expense or deduction.
As you did not receive the unpaid commission, you do not report it as income and do not pay tax on it. This is the reason why you cannot claim it as a deduction or a loss.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
dareelcmills2k19
New Member
cherylnaamani
New Member
swick
Returning Member
RobertBurns
New Member
user17521789697
New Member