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sccredit wrote:

That actually is

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llecs wrote:

Right. If you haven't paid for it, you can't deduct it using the cash-basis.

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 not 100% correct.  The IRS assumes that once an item is paid for on a credit card it is, at that point, paid for. 

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Wait... really??  Now I'm confused.

It doesn't seem likely to me that the IRS would allow expenses to be written off prior to being actually paid (as in, expensing a balance left on a credit card).