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Chris W. Rea
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Deductable Deductible expenses paid with credit card - on: In which tax year dowould they fall?

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littleadv
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Deductable expenses paid with credit card - on which tax year do they fall?

If I paid my business expenses with a credit card during the month of December, which year can I deduct them from my taxes? 2011 (when the purchase was made) or 2012 (when I paid off the credit card)?

IRS pub reference greatly appreciated