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URL:  http://boards.fool.com/if-the-trip-doesnt-happen-why-not-amend-2011-to-29816073.aspx

Subject:  Re: Charitable deduction question Date:  1/31/2012  1:48 PM
Author:  TMFPMarti Number:  114800 of 121177

If the trip doesn't happen, why not amend 2011 to remove the deduction?

Because whatever Congress, approved by whatever President, is the Mommie, and Mommie said so. See "Recoveries" in Pub 525 for the income side. There's no doubt publication coverage of accounting methods somewhere, but as Ira said, for a cash-basis taxpayer, you take the deduction in the year you paid or charged it.

Phil
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