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

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

posted

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.

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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.

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