Security Deposit Return
Hi
How do I address a refunded security deposit tax wise? Normally I apply it to the last week of care but I abruptly ended care with this family due to Covid and wanting to remain small in size due to the pandamic. Due I count it as a business expense? and not worry that she has already claimed it in a previous year or do I deduct the amount from her year end payment statement and just count as less income for my business? Thanks |
If the refund happens now then it has to happen this year not next. (Per Tom Copeland)
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Originally Posted by Reimel61: |
thank you
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