Can I deduct labor expenses that was incurred in 2016, but paid in 2017 for my 2016 taxes?
I am self employed and I hired a subcontractor in 2016. All work was done in 2016 and the invoice was received in 2016. However, I was not able to send the payment until I received a w9 and payment info, which was January 2017. I really need to take the deduction for 2016 as the project was bigger than usual.