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June 7, 2019
Question

Can I deduct overdraft fees that occured in a business account? If so, how?

  • June 7, 2019
  • 1 reply
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1 reply

Employee
June 7, 2019

No.  You will not be able to deduct these, overdraft fees are not business expense.

June 7, 2019
Thank you. To clarify, even though it was an expense of the business you cannot deduct it? Can you elaborate why this would be treated differently from other bank fees that are deductible?