Schedule C Expenses
If I receive self-employed Schedule C income in 2024 relating to work done in 2023, can I now (in 2024) deduct the 2023 expenses relating to that income?
If I receive self-employed Schedule C income in 2024 relating to work done in 2023, can I now (in 2024) deduct the 2023 expenses relating to that income?
No. Assuming that you are on a cash basis you report income in the year received and expenses in the year you paid them.
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