As I mention to a number of other comments...it simply depends on the accounting... | Hacker News

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		will_brown on June 25, 2019 \| parent \| context \| favorite \| on: Trump Signs Executive Order Compelling Disclosure ... As I mention to a number of other comments...it simply depends on the accounting method. It can be waived (not treated as income at all as you say) or it can be treated as income (taxes paid) and the loss carried forward for future deduction.

Stratoscope on June 25, 2019 [–]

Yes, I was assuming cash accounting. I updated my comment to mention the difference between cash and accrual accounting, thanks for noticing that.

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