PropertyEconomics
Elite Member
- Joined
- Jun 19, 2007
- Professional Status
- Certified General Appraiser
- State
- New Mexico
I believe collection losses can be deducted from income. Check with your accountant. But thats is only for services actually rendered, not for discount pricing.
Services are not recognized by the IRS as income .. you would have to count the income in order to book the loss ... thats how it is. Uncollectables are no different.