Is it possible to take the deduction for the expenses of a business for 2008, in 2009? My first response was "Why would you"..but then I figured I better ask the experts...
Example, can you take mileage deduction for 08 in 08 yet collect all your other business expenses and accrue them into 09.
From a business perspective - I think you would want to keep it on a cash basis and keep it all times properly.
I'm assuming you can carry over the loss in any case?
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