I billed for a service that was provided but was denied payment can I claim this as a loss?

dbowersb · ‎June 6, 2019

MinhT · ‎June 6, 2019

No, if you use the cash method, you cannot claim a payment that a customer denied as a loss, for the simple reason that you did not report the income from that missed payment.

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

View solution in original post

MinhT · ‎June 6, 2019

No, if you use the cash method, you cannot claim a payment that a customer denied as a loss, for the simple reason that you did not report the income from that missed payment.

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

I billed for a service that was provided but was denied payment can I claim this as a loss?