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Old 12-30-2010, 04:10 PM
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TomCopeland TomCopeland is offline
Business Author/Trainer
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 3,061
Default When to record expenses

You can claim expenses in the month you pay them. So, you can deduct the business portion (time-space percentage) of your August 31st bill because you were in business on August 30th. You won't be able to deduct your December 2010 utility bill until 2011 when you pay it.
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