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Old 11-09-2014, 02:47 PM
lostinmidwest
 
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Consulting Payment and Expenses

I receive a $25,000 payment in December 2013 for consulting work I would perform beginning that month and through 2014. I paid taxes on the $25,000 in 2013. Can I deduct my expenses tied to that consulting payment in 2014 even though the payment was received in 2013?



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