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    viewman2's Avatar
    viewman2 Posts: 1, Reputation: 1
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    #1

    Dec 31, 2009, 05:49 PM
    Credit card purchase date vs card payoff date
    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's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    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.
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