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View Full Version : Credit card purchase date vs card payoff date


viewman2
Dec 31, 2009, 05:49 PM
I have made various end of year business purchases with a credit card. Do I get to claim those as expenses for this year (2009), when I used the card? Or if I don't actually pay off the card until the bill comes in January, are they expenses for next year (2010)?

morgaine300
Jan 4, 2010, 09:17 PM
Expense them when you buy them. A credit card is revolving credit and just like a loan. And you do it that way every year, not just this one cause you apparently want to count the expenses.