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| p.1 #1 · p.1 #1 · weddings from 2012, buying the album in 2013.. Taxes? |
I have several weddings from 2012 that still need albums. Just wondering what you guys do when the job happened in 2012, the client pays in full during 2012, but the photographer (me) doesn't complete and buy the album until 2013... Is it still possible to use the album purchases to offset my taxable income in 2012? I have about 6 albums to order, and that would certainly make a difference for offsetting my taxable income from 2012.
...and before anyone suggests it, I have set up my appointment with my CPA, but wanted to get opinions here first.