04-26-2004, 02:11 AM
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 Re: When does a payment become an expense? "John" <John[at]john.com> wrote: - quote - > If I make a fully refundable downpayment, can I take it as
most people use the cash basis which means that when you> an expense? Or do I have to wait until it become > non-recoverable? spend the cash you can use the deduction, even if you prepay something that is used later. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-19-2004, 07:28 PM
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| When does a payment become an expense? If I make a fully refundable downpayment, can I take it as an expense? Or do I have to wait until it become non-recoverable? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| expense, payment |
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