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

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!

posted

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

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

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

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