Valued Contributor
Posts: 1,265
Registered: ‎09-14-2012
Re: What can I expense? Credit card balance, or amount I've paid towards credit card

That actually is

llecs wrote:

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. 

Never take credit personally

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