Re: What can I expense? Credit card balance, or amount I've paid towards credit card
10-08-2012 11:31 AM
That actually is
Right. If you haven't paid for it, you can't deduct it using the cash-basis.
not 100% correct. The IRS assumes that once an item is paid for on a credit card it is, at that point, paid for.
Credit Scores: EX 729 EQ 724 TU728