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New Member
posted Jun 4, 2019 8:10:22 PM

If I pay for conference fees in the year before the conference takes place, which year do I deduct the fees as a self-employed person.

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2 Replies
Level 15
Jun 4, 2019 8:10:23 PM

If you are a cash basis business you deduct the costs in the year  you pay them. 

Level 9
Jun 4, 2019 8:10:24 PM

If I remember correctly, if the fees are refundable for a cancellation, the deduction isn't until they become non-refundable.