I paid for a purchase in 2017 but arrived in 2018. Can I deduct it in 2017?

I’m a musician, and in December 2017, I ordered and paid for a musical instrument from Germany. Shipping took a long time, and It didn’t arrive until 2018. Am I able to deduct the purchase in 2017 or do I need to wait until it’s actually put into use, which would mean 2018?

posted

Connect with an expert

1 Reply

I paid for a purchase in 2017 but arrived in 2018. Can I deduct it in 2017?

You can deduct it in 2017, which is when you paid for the purchase.

In 2018, you could take a Sec. 179 deduction.

Here's more info about that:

https://ttlc.intuit.com/replies/5387864

**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