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Paid last year for business trip this year. When to claim for taxes? - Printable Version

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Paid last year for business trip this year. When to claim for taxes? - archipirata - 02-20-2023

I have a business trip coming up related to my self owned business. I paid for the trip at the end of last year. Do I claim the trip expense on 2022 or 2023 taxes?


Re: Paid last year for business trip this year. When to claim for taxes? - mattkime - 02-20-2023

Claim it when you paid for it.


Re: Paid last year for business trip this year. When to claim for taxes? - Bernie - 02-21-2023

When the expense occurred.


Re: Paid last year for business trip this year. When to claim for taxes? - August West - 02-21-2023

Can't give a great answer, but just wanna thank you for the beautiful pics!


Re: Paid last year for business trip this year. When to claim for taxes? - Speedy - 02-21-2023

Cash or accrual method of accounting? Cash - claim in 2022. Accrual - claim in 2023.