Talk to an accountant.
Because the answer is it depends.
Because the answer is it depends.
Does anyone know if chargeback are tax deductible as a business expense?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Does anyone know if chargeback are tax deductible as a business expense?
Looks like John Dugger came out to play.
Unfortunately your wrong on this one.
If you write a deal in December and get advanced before January 1st, it will show up on your 1099 for the current year.
If they charge back the following year you'd have to claim that loss at another time.
The fix for that would be to go as earned for a company that would 1099 agents on a loan (advance). Which I disagree with since its technically not income.
Now I know you will likely revert to name calling and libel to prove your point. You're very predictable.