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Old 01-20-2021, 06:41 AM
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Reimel61 Reimel61 is offline
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Join Date: Oct 2012
Location: Maryland
Posts: 66
Default 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
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