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Old 09-24-2010, 12:59 AM  
PSD
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Depends on when you record it, its an accounting thing.

Those who record their income on a cash basis do so when they actually physically receive/control the funds and so for those since they have not received the funds they can't record it yet and thus are not eligible to write it off. I guess you could say you "recevied it" by it going to epassporte.

Those who record their income on an accural basis do so when they actually earned it and so for those they would have already earned it and recorded it and thus would be eligible to write it off.

In any case, since you are recording it as received income accounting wise then you should definetely write it off. Just did not want people that are not reporting it as income to try and write it off.
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Last edited by PSD; 09-24-2010 at 01:01 AM..
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