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posted Apr 14, 2024 8:52:44 PM

schedule C professional org dues deduction in year paid or year paid for

I realized that I renewed my 2024 org dues in Dec '23  while I renewed for 2023 in Jan  '23.   For what tax year do I deduct the dues paid in Dec'23.

Thanks!

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1 Best answer
Expert Alumni
Apr 14, 2024 8:57:06 PM

Deduct them both in the year you paid them (2023) if you are on a cash basis. 

1 Replies
Expert Alumni
Apr 14, 2024 8:57:06 PM

Deduct them both in the year you paid them (2023) if you are on a cash basis.