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If i lose income due to weather is that a business loss?

Forum|Forum|7 years ago
June 6, 2019
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i am a therapist and had to cancel sessions due to weather - they could not be rescheduled - is that a business loss

TurboTax Self Employed Online

Best answer by MinhT1

You cannot claim your "lost" income as a business loss.

In fact, that "loss" is already built into the profit or loss from your business as you only report the actual income you receive (without that "lost" income).

M

MinhT1Answer

You cannot claim your "lost" income as a business loss.

In fact, that "loss" is already built into the profit or loss from your business as you only report the actual income you receive (without that "lost" income).

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